Russia's ruble falls to its lowest against euro and Dollars since 2016

Russian stock market plummets after US sanctions

"It's finally sinking in that the US Treasury actions are a major game changer in terms of how one should view Russian market risks", said Timothy Ash, a senior emerging-market strategist at BlueBay Asset Management LLP in London. Trump had on Monday warned of a quick, forceful response once responsibility for the Syria attack was established.

The Russian government will support companies that were hit by the USA sanctions, Russia's Deputy Prime Minister Arkady Dvorkovich said.

On Tuesday, the ruble fell by as much as 4.1% against the dollar, after its 4% decline on Monday.

The sanctions mean Russian companies face losing access to the U.S. market, which for Rusal constituted around 14 per cent of its revenue previous year, according to analysts at Promsvyazbank.

It's time we give Donald Trump some credit on Russian Federation.

Many of Europe and Asia's stock markets were back in the red after two days of gains, gold was up for a fourth session, though it was the hammering of Russia's and also Turkey's currencies that drew most attention.

U.S. crude futures were down 0.3% at $65.32 a barrel after surging more than 3% on Tuesday due to the surge in risk appetite in the broader markets.

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The Britain-based war monitor, which relies on sources across Syria, said units were preparing themselves for rapid deployment. Haley said Russian Federation was to blame for the council's failure to take action on Syria, now in its eighth year of war.

On equities markets, Russian aluminium tycoon Oleg Deripaska saw the share price of one of his companies halve and another drop 34 percent after he joined six other so-called "oligarchs" sanctioned together with their businesses.

Palladium, which has also benefited from expectations that sanctions on Russian Federation could hurt supply, rose further after climbing almost 6 percent in the past two days.

The first US and European sanctions on Russian individuals and companies were imposed in 2014 following Russia's annexation of Crimea. Meanwhile, the Philadelphia Oil Services Index ticked up 1 percent at 1:10 p.m.in NY. Viktor Vekselberg, Renova's Russian chairman, was included on the sanctions list on Friday.

"First, the economy has already deleveraged in a few years under sanctions".

A senior administration official told CNN that the White House is now working on a whole of government response to follow up on recent sanctions and other punitive measures levied against Russia, consulting different agencies tracking Russian aggression in the run up to the November midterm elections, including the Department of Homeland Security, FBI, and the rest of the intelligence community.

Markets were also awaiting U.S. inflation data due later that will feed the debate on when the Federal Reserve next raises United States interest rates.

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