Gazprom shares plunge nearly 42% after Russia launched a full-scale invasion of Ukraine as President Vladimir Putin to “demilitarize” the nation and replace its leaders.
- Russia launched a blast of missiles, air attacks and artillery early on Thursday, with Ukraine reporting a number of casualties. The Interior Ministry stated that the capital was under attack.
- Commodities markets soared, with Brent oil expanding gains past $100 per barrel for the first time since 2014. Russia’s benchmark MOEX index plunged the most on record.
- The Stoxx Europe 600 dropped more than 2%, while in the U.S., futures tracking the Nasdaq 100 Index pointed to a bear market for the first time.
- Russia’s MOE stock index plunged over 45%, eroding more than $250 billion in value as the ruble crashed to a record low.
The Moscow Exchange stopped trading after the currency plunged to its lowest level starting in 2016.
GAZP down -41.88%
Source: Bloomberg.