Russia's central bank shuts country's stock market for 2nd day as analysts warn it is 'uninvestable'

, a crucial global payments messaging network. They've also pledged to try to stop the central bank from using its more than $600 billion stockpile of reserves to get around sanctions.

Gustavo Medeiros, head of research at Ashmore, said in a note to clients:"The aggressive Russian actions raise the risk of this market becoming uninvestable, due to sanctions or governance/moral reasons, for foreign investors from Western countries." The Bank of Russia on Monday more than doubled interest rates to 20% to try to halt the dramatic plunge to record lows in theThe moves came after the country's stock market suffered a devastating plunge ofYet the central bank could do little to stop a raft of institutions and companies severing ties with Russia, which could ramp up the stress on the country's economic system.

BISouthAfrica Can't you somehow just send these news to Caucasians only? This is Afrika bra news24.... We've been war with colonisers/ settlers for 5centuries and more 😩😭

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: As BP and Shell Exit Russia, These Companies Still Have TiesThe invasion of Ukraine has prompted oil giant BP Plc and Shell Plc to quit Russia in a historic move that will bring billions of dollars of impairments. Now the pressure is building on others to follow suit.
Source: dailymaverick - 🏆 3. / 84 Read more »