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The Russian stock market continues to fall rapidly on the news about the start of Russia’s special military operation in the Donbass.
The Moscow Exchange Index collapsed earlier (to multi-year lows) by 28.9% to 2193.13 points, the RTS dollar index – by 35.5% to 791.07 points.
Moreover, the Moscow Exchange suspended trading several times, and the Moscow Exchange index consistently fell below 2100, 2000 and 1900 points.
Reacting to the panic situation, the Bank of Russia was forced to introduce a ban on short sales in the Russian financial market “in order to ensure the protection of the rights and legitimate interests of investors in financial markets, reduce risks and limit excessive volatility,” RBC reports.
Recall, on February 24, Russian President Vladimir Putin made an emergency appeal to the Russians and announced a special military operation in the Donbass. In his speech, he stated that “circumstances require decisive action from Russia” and stressed that “Russia will not allow Ukraine to have nuclear weapons.”
According to the Russian leader, the plans of the Russian Federation “do not include the occupation of Ukrainian territories,” however, “the Russian Federation considers it important that all the peoples of Ukraine can exercise the right of self-determination.”
Reacting to the Kremlin’s decision, US President Joe Biden, in a special statement, called Russia’s attack on Ukraine unprovoked and unjustified and promised to hold it to account.
For his part, UN Secretary-General António Guterres urged Putin to “stop the soldiers” from attacking Ukraine and give peace a chance.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
