Why Qiwi Plc (QIWI) Stock Is Down On Monday

NEW YORK (TheStreet) -- Shares of Qiwi Plc. (QIWI) are declining by -3.58% to $38.53 in mid-afternoon trading today after several European foreign ministers threatened to level Russia with further sanctions if it does not cooperate with the Ukraine regarding its proposed peace plans, USA Today reports.

Qiwi provides payment services across physical, mobile, and online channels in Russia and the Commonwealth of Independent States.

The foreign ministers demanded Russia stop sending arms and militants into eastern Ukraine.

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QIWI Chart QIWI data by YCharts

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