‘Spread of Pornography’
“Designed to counter the spread of pornography, drug abuse, extremist propaganda, in its current form the amendments leave the door open for a potentially arbitrarily wide expansion of its scope,” Alexey Zabotkin, an analyst at VTB Capital in Moscow, wrote in an e-mailed report yesterday. ‘Tangible legislative action to censor Internet would be perceived quite negatively not only for Russia’s Internet stocks Yandex and Mail.Ru, but also for the broader investment case.’’
Oil, Russia’s major export earner, declined in New York and London after Norway ended a strike that threatened to halt output by western Europe’s largest crude exporter.
Crude oil for August delivery lost 2.4 percent to $83.91 a barrel on the New York Mercantile Exchange yesterday. Prices have decreased 15 percent this year.
Brent oil for August settlement fell 2.5 percent to $97.84 a barrel on the London-based ICE Futures Europe exchange. Urals crude fell 1.4 percent to $97.89 per barrel, the lowest since July 2.