The ruble lost the support of the tax period and received a strong enemy in the person of Siluanov and Belousov
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Shares of Russian energy giants Rosneft and Gazprom diverged on Friday as investors reacted to the two companies’ diverging dividend decisions, while the ruble fell sharply from seven-year highs hit this week.
Shares in gas giant Gazprom fell 6.9% at 0716 GMT, adding to a serious loss from the previous session after the company decided not to pay a dividend on last year’s results for the first time in more than two decades.
Meanwhile, shares in oil giant Rosneft, which approved a 2021 dividend after Thursday’s close, gained 4.6%.