Russia’s Ruble, Financial Markets Are Hammered by Sanctions

Strong Western sanctions rocked Russia’s economical system and induced a spiral in the ruble, drawing the central financial institution into an emergency doubling of desire rates. The Russian ruble fell…

Russian stocks and ruble plunge

Moscow’s MOEX stock index dropped 1.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} soon after shedding more than 10{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on Monday, bringing losses so far this yr to about 20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Shares in Russian oil firm Rosneft were…