Losses over 30% on the Russian stock market – Historically low for the ruble against the euro-dollar (upd)

LAST UPDATE 12:31

The ruble is falling to a new record low against the dollar, while more than $ 250 billion have been “depreciated” on the Moscow stock exchange, after the attack of Russian forces against Ukraine.

In particular, the exchange rate of the Russian currency approached 90 against the dollar in interbank transactions and 100 against the euro.

At the same time, the indexes in the Russian stock market are collapsing with losses that reached up to 45%, having a capitalization of a total of 259 billion dollars, after the beginning of the military invasion.

After the break of the session, however, the losses have been reduced to some extent, as the MOEX index of the Russian stock market is falling by 29%, while the RTSI of high capitalization is at -33%.

In each case, they have seized it, despite obstacles we can scarcely imagine. ”

It is noted that the start of trading was temporarily delayed, to allow the central bank of Russia to announce an emergency package of measures, intervening in foreign exchange markets and increasing liquidity in banks.

“In order to stabilize the stock market situation, the Bank of Russia has decided to start intervening in the foreign exchange market, and to conduct operations today to provide additional liquidity to the banking sector,” it said in a statement.

It is committed to using “all the necessary tools” to deal with variability.

The share of Sberbank, the largest Russian bank and a possible target for sanctions, is falling more than 46%.

The biggest drop, by 37%, is recorded by the second largest bank, VTB.

In October, the Moscow Stock Exchange index has lost about a third of its value since October, while both the ruble and the Ukrainian hryvnia currency recorded the worst performance among currencies in the world.