Historical decline in the Russian stock market
The ruble fell to a record low against the dollar as Russia launched a military operation against Ukraine. Russia's benchmark index, MOEX...
Yayınlanma: 25 Şubat 2022 04:07
Güncellenme: 9 Mayıs 2024 13:12
The Russian ruble fell nearly 3.5 percent to 84.1 percent against the dollar. After Russia 's invasion of Ukraine, transactions were temporarily suspended due to the depreciation of the Russian Stock Exchange and the ruble. Operations then resumed.
Russia 's benchmark index, MOEX, fell 33% at the close.
Following these developments, the Central Bank of Russia announced that it would intervene in the foreign exchange market and increased the daily limit for swap transactions to $5 billion.
On the other hand, the market value of the stocks traded in the Russian stock market melted by 250 billion dollars.
In a statement on the operation, US President Joe Biden said that they will discuss Russia's unwarranted aggression against Ukraine and global security and the consequences of this with NATO, and that they will respond to the attack in unity.
Oanda analyst Jeffrey Halley stated that the markets are pricing in the invasion. The ruble was the worst performing emerging country currency in February, when tensions in Ukraine increased.
The euro fell, while the yen and dollar, which were safe havens after the invasion, rose. The barrel price of Brent oil exceeded $100 a barrel.
