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Intervention in Ukraine has collapsed Russian equities and rubble’s exchange rate

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Intervention in Ukraine has collapsed Russian equities and rubble’s exchange rate

The figures have reached the minimum of June last year.

The indices of Russian stock markets sharply collapsed on Monday morning. Russian Federation’s equity market lost 5.8% on MOEX index and 7.5% on RTS. This is the bottom of June 2013 with the aggravation of the situation in Ukraine in the background, the data of Moscow’s stock exchange indicate.

Russian stock indices are affected on Monday by the aggravating geopolitical risks due to the conflict between Ukraine and Russia, which is currently influencing all the world’s stock markets. Most loses suffer the shares of Mechel (-12,28%), Gazprom (-6,58%), Rostelecom (-8,11%), TSN reports.

Apart from that there is also a strong devaluation of rouble in Russian foreign exchange market. The currency fell below 50 roubles against euro and down to 36.6 roubles against USD.

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