Russian stocks tumble to their weakest level since 2017 amid reports of possible new sanctions

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Russian stocks tumble to lowest levels since 2017

Russian stocks sank on Monday to levels not seen since 2017, weighed down by a global market selloff, threats of more sanctions and signs of continued unrest after last week’s partial mobilization.

Tensions have been rising around Russia’s widely condemned referendums, which are taking place in four Ukrainian territories held by Russian forces. Those come as a partial draft announced by the Russian government last week has sparked protests and arrests across the country. A gunman opened fire at a recruitment center in Siberia on Monday, wounding one person, the New York Times reported.

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