Russian stocks crash and ruble plunges to record low

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Russian stocks crashed by more than 40% and the ruble hit a record low against the dollar on Thursday.

The Moscow market rout was triggered by news that Russian troops had launched an attack on Ukraine, a move that is likely to trigger a new wave of"full scale" sanctions aimed at President Vladimir Putin's inner circle and Russia's oil-dependent economy. A broad offensive by Russian forces targeted military infrastructure across Ukraine as well as several airports.

Germany said it was suspending certification of the controversial Nord Stream 2 gas pipeline.US, EU and UK officials have made clear that much tougher measures would follow should Russia invade. German Foreign Minister Annalena Baerbock said on Thursday the European Union is set to unleash"the full packet of sanctions" against Russia, adding that the world must respond resolutely or run the risk of paying an even higher price.

 

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Wow Biden sure knows how to crash an economy

Humanity

see? kasasabi ko lang, sadsad agad economy nila?

from ruble to rubble

One piece of good news then … 🇬🇧

Putin doesn't care! Ukraine UkraineWar

Market need Peace to grow

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