Monday, January 24, 2022

"Russian stocks sink 8%, ruble plunges to 14-month low as conflict fears intensify"

From CNBC:
  • Russian assets have been mired in volatility in recent weeks after a build-up of around 100,000 Russian troops along the Ukrainian border sparked fears from Western powers that Moscow was planning an invasion, an allegation the Kremlin has persistently denied.
  • Anders Aslund, senior fellow at the Atlantic Council and chairman of the International Advisory Council at the Center for Social and Economic Research, tweeted Friday that Russian assets could fall further.

The stand-off between Russia and the West over Ukraine sent Russian assets tumbling on Monday.

As of Monday afternoon in Europe, the MOEX Russia Index had dropped around 5.9% and is now down more than 15% year-to-date. The Russian RTS Index was down 8.1% on the day and around 19% lower so far in 2022....

Possibly related:
"Atlantic Council [!] Scholars Made Millions Lobbying for Putin-Backed Pipeline"