Since the beginning of the day, the dollar against the Russian currency has risen by more than 10%, leading to the lowest level ever. dollars. Moscow’s main stock index, MOEX, fell 45% after trading was temporarily suspended shortly after opening.
At 8.40 in Moscow, the ruble traded at 89.8903 per dollar, while the dollar rose against it by 10.45% compared to the previous day. Later that day, the ruble reduced some losses, trading at 84.2855 per dollar at 12:45 local time.
According to Reuters, MOEX traded about 29% lower after 13:30, which was the worst session since 2016.
Putin announced what he called a “special military operation” early Thursday morning, just two days after troops entered the eastern separatist regions of Ukraine in Donetsk and Luhansk. The latest news after several months of building up Russian troops near Ukraine’s border with a military force of up to 150,000.
The situation in Ukraine is rapidly deterioratingand specific reports from the country are difficult to confirm.
Ukrainian Foreign Minister Dmitry Kuleba said shortly after 7 am local time that Russia had begun intense shelling of Ukrainian units in the east.
The Ukrainian Air Force said it was repelling an air attack, and authorities said attacks on Ukraine’s border units were carried out using artillery and other heavy equipment.
Another attack is now taking place from the Russian-annexed Crimean peninsula, the Ukrainian military said when sirens sounded in the capital Kiev. The Ukrainian government has warned its citizens to hide in shelters to avoid possible missile strikes on Kiev.
NATO is going to hold an emergency meeting in response to the invasion. US President Joe Biden condemned Putin’s actions, promising to impose “tough sanctions against Russia.”
“Putin has chosen the path of destruction,” said British Prime Minister Boris Johnson.
The attack has dragged asset markets around the world.
Futures on US stocks traded in the red, and oil prices rose sharply. The European index STOXX 600 has reached its lowest level since May last year, according to Reuters, dropped by the German DAX. International standard Brent crude exceeded $ 100 for the first time since 2014.