Russia's Having Trouble Selling Bonds As Ukraine Adventure Prompts Auction Cancellation

Russia cancelled its first ruble bond auction in three months Tuesday after borrowing costs soared as the U.S. and the European Union consider further sanctions related to the country's involvement in the rapidly deteriorating Ukraine crisis. Russia's financial markets are paying for President Vladimir Putin's involvement with ethnic Russian rebels inside Ukraine who are widely suspected to have shot down Malaysia Airlines Flight 17 over the eatern part of the country last week.