The Moscow Exchange said on Thursday morning it had suspended trading on all markets.

The exchange will announce the resumption of trading at a later date, it said.

https://www.reuters.com/business/moscow-exchange-suspends-trading-all-markets-2022-02-24/?taid=621747ea00131e0001dd61d7&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

Russian assets nosedived as military attacks across Ukraine prompted emergency central bank action and investors braced for the toughest round of Western sanctions yet, wiping out more than $250 billion in stock market value.

The ruble sank to a record low and stocks collapsed 45% -- their biggest-ever retreat. Russian Eurobonds plummeted, pushing some into distressed territory. The Bank of Russia said it will intervene in the foreign exchange market for the first time in years and take measures to tame volatility in financial markets.

The military attack on Ukraine cast a pall over global markets and sparked another bout of global risk aversion. Russian assets took the main blow after President Vladimir Putin ordered an operation to “demilitarize” the country, prompting international condemnation and a U.S. threat of further “severe sanctions” on Moscow.

“Significant overshooting is possible, and the dollar-ruble at 100 certainly is well in range,” said Commerzbank AG strategist Ulrich Leuchtmann. “I don’t think that interventions will be the main instrument of choice. They can only prevent extreme overshooting. Rate hikes have to follow soon

The Russian central bank made no mention of raising interest rates, but said it will provide additional liquidity to banks by offering 1 trillion rubles ($11.5 billion) in an overnight repo auction. Policy makers have increased the benchmark rate by 525 basis points in the past 12 months to tame inflation.

Russia’s sovereign bonds plummeted, taking some to distressed levels. Ukraine’s 2033 dollar debt dived, lifting the yield to 88%, while the local currency market was suspended and limits were imposed on daily cash withdrawals.

The ruble slumped as much as 9.4% in local trading to 89.60 per dollar. Currency options see a more than 50% probability of the ruble touching 100 per dollar in the second quarter.

Read the rest here - https://www.bloomberg.com/news/articles/2022-02-24/ruble-extends-slump-in-offshore-trading-as-ukraine-crisis-grows

Zonefree:
We make War to live in Peace.

Rollsnjaguar:



Exactly, without war no peace.

FreeStuffsNG:

Hahaha....War as used in that remark does not usually mean mortal or artillery combat. It is usually used for contest of ideas and interests

FreeStuffsNG:

Hahaha....War as used in that remark does not usually mean mortal or artillery combat. It is usually used for contest of ideas and interests
The one by President Putin is the extreme one and it is the one that humans use as a deterrent for war. It is better to jaw-jaw than to war-war.

Rollsnjaguar:



I can't reason with you, are you wiser than Putin or you are smarter than those countries building nuclear weapon.

baralatie:

Better still Putin should drop a nuclear bomb in Ukraine nau?

Rollsnjaguar:


If need be, he will. He won't be the first or last to use nuclear bomb.

baralatie:

Better still Putin should drop a nuclear bomb in Ukraine nau?

FreeStuffsNG:

Rara o. They are our brothers and sisters too. In my Christian faith, we are enjoined to pray for peace in all nations.
#PrayforUkraineandRussia

baralatie:

Exactly!
Then what next!
Russia battling to save its own people for the next 20 years?
Is that not calous

Rollsnjaguar:


Putin is not a coward.
Everything is well planned out.
So relax and watch film.

baralatie:

Everything always goes according to plan!
But neither is Putin or all players at war are executioners of the plan.
War always bring crisis wether you like it or not!
Adolf,sadaam, Afghanistan, Libya,(trust me on this).
Russian backyard is now a war zone(something Putin,zelensky should not have allowed).
You can't wish away the looses,the setbacks and the problems that comes with war.

Rollsnjaguar:


War is normal, without war a lot of things cannot be reset. Is better we go to war and reset the country, than to keep going round in circles without meaningful progress.

Russia is on the part of greatness, after this war. No country will take them for a ride.

SeeThisLoser:

baralatie:

War comes in various forms and these forms attract various level of damage!
The highest of all forms of war is the physical confrontation using man,war machines and money.These in themselves are very scarce resources!
While it is true that you can bring down a house to its foundation and erect a grandlest house in that same place.it is not true that you can bring down the whole buildings contained in a whole kingdom or nation and rebuild the whole kingdom or nation to a grande facility when your own kingdom does not have it.

Rollsnjaguar:


You are just making theories. Go and read the act of war. You will understand why war is always necessary.

baralatie:

The author of the act of war died in war!
And lost the kingdom to another kingdom

Rollsnjaguar:


Always look at the positive side of war, not the negative. War is not for the faint hearted.