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Top global financial firms exit Russia as economy slumps

POOR SHOWING: The dollar-denominated RTS Index has slumped 18 per cent from this year's peak.


FROM Franklin Templeton Investments to BNP Paribas SA, global financial firms that once pushed to expand in Russia are pulling out as prolonged sanctions deepen the country's first recession since 2009.

Franklin Templeton, which oversees almost US$900 billion of assets, is