Business

Russian stocks crater by as much as 45% after attack on Ukraine

By Zach Halaschak
Published February 24, 2022 4:13pm ET
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Russian stocks crater by as much as 45% after attack on Ukraine
In this Wednesday, March 19, 2014, file photo, Specialist Meric Greenbaum works at his post on the floor of the New York Stock Exchange. 2014. U.S. stocks are falling in midday trading Monday, March 24, 2014, as tensions with Russia escalate. | (Richard Drew/AP)

Russian stocks plummeted and the Russian ruble hit a record low after Russia invaded Ukraine.

The MOEX Russia index plunged as much as 45% before rebounding to trade down 33%. Trading on the exchange was suspended for some time on Thursday in light of the freefall. The stocks hit the worst by the incursion were banks and energy companies.

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Tag:

Markets Russia Russia-Ukraine War Ukraine Vladimir Putin