The ruble fell to a new record low against the dollar as local trade stalled after Russian forces attacked Ukraine, and the US president promised “severe” sanctions.
The ruble approached 90 against the dollar in interbank trading after the suspension of trading by the Moscow Stock Exchange in all markets.
The country’s largest shares, such as Sberbank, Gazprom and Lukoil, were all down more than 10% in initial trading following the suspension of trading.
The Moscow Stock Exchange has said it will make a separate announcement on when trading will resume.
The Moscow Stock Exchange index has lost about a third of its value since October, with both the ruble and the Ukrainian hryvnia hitting the worst performance among currencies in the world.
Source: Capital
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