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Sanctions against Russia depress Moscow rental income

European, US companies have pulled workers out of the country; rouble down 11% against euro

Published Mon, Nov 24, 2014 · 09:50 PM
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London

TIMUR Pankov was effectively living rent-free in Paris nine months ago, because the cost of his apartment was covered by the income from his Moscow property.

Russia's incursion into Ukraine has made the arrangement a lot less attractive.

The rouble has slumped by 11 per cent agains…

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