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    Home » Russian Stocks Plunge Most on Record as Full-Scale Ukraine Invasion Starts
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    Russian Stocks Plunge Most on Record as Full-Scale Ukraine Invasion Starts

    February 24, 20221 Min Read
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    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.

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