Russian stock market dives 10% in July

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RUSSIA - The local stock market in Russia fell back 10% in July on the back of higher market volatility ahead of the Duma elections in December this year.

Increased market volatility was expected, but not to the extent that the market could lose 10%. YukosSibneft, the Russian oil giant has much to do with the sudden drop, with shares falling 18% in J...

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