(Reuters) - A tightening of Western sanctions on Russia rattled world markets on Thursday, sending Moscow stocks and the rouble tumbling and lifting traditional safe-haven currencies and bonds.
The new U.S. sanctions announced late on Wednesday effectively shut off longer-term dollar funding for companies close to President Vladimir Putin. European Union leaders agreed to target Russian firms that help destabilize Ukraine, and to block new loans to Russia through two development banks.
Such measures had been threatened for weeks, but the decision to push ahead unsettled investors who had questioned the appetite to do so, especially in Europe.
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