Russian markets nosedive as Ukraine panic takes hold | Bangkok Post: news

News > World

Russian markets nosedive as Ukraine panic takes hold

- +

Investors in Russia reacted with panic Monday to the potentially disastrous economic consequences of Russian military intervention in Ukraine, with Moscow stock markets crashing up to 12 percent and the ruble plunging to historic lows against the dollar and euro. 

Members of a pro-Vladimir Putin group at a rally in Moscow on August 17, 2011 carry an imitation banknote with a picture of Putin

In an emergency move to limit the losses for the ruble amid what risks becoming at least Russia's worst economic crisis since 2009, Russia's central bank hiked its main interest rate by 150 basis points.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments