The geopolitical factor severely collapsed the Russian stock market on February 21. While the Security Council was discussing the recognition of the independence of the Donetsk and Lugansk People's Republics, stock indices fell one after another.
The Russian stock market yesterday reacted with a fall to the discussion of recognition of the independence of the Donetsk and Lugansk people's republics in the Security Council.
The Moscow Exchange index returned to the anti-record of 2020 and fell 13%, closing below 3000 points.
The RTS Index lost 16% - 1168.1 points falling.
Exchange rates have gone up. The dollar now costs more than 80 rubles. The euro broke the 90 ruble mark.
Shares of VK fell by 18%, VTB and Sber - by 17%, Ozon - by 12%, Gazprom, Magnit and Yandex - by 10%.
Meanwhile, columns of military equipment have already entered the territory of the self-proclaimed republics.
These decisions caused sharp condemnation in the world. Further growth of the conflict will definitely continue to affect the global and Russian economies.
Subscribe to ForkNews in Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Paraguay supports the construction of the largest mining farm
The Blockchain Technology Foundation has been based in South Korea since its inception, but recently its representatives were in talks with the Paraguayan government to create something big - the world's largest mining farm and cryptocurrency exchange.
FSS Chairman Proposes Expanded Cooperation for Global Crypto Regulation
A representative of South Korea's Financial Supervisory Service (FSS) has proposed expanding international cooperation between regulators regarding the creation of global rules for cryptocurrencies and ICOs, local news agency Asian Economic TV reported.
