Mainecat Posted February 28, 2022 Share Posted February 28, 2022 Boom…. Russia shutters its stock market as the ruble crashes Source: CNN London CNN Business — Russia’s currency crashed to a record low against the US dollar Monday as the country’s financial system reeled from crushing sanctions imposed by Western countries in response to the invasion of Ukraine. The ruble lost more than 30% of its value to trade at 109 to the dollar at 2.30 a.m. ET after earlier plummeting as much as 40%. The start of trading on the Russian stock market was delayed, and then canceled entirely, according to a statement from the country’s central bank. The central bank said it would provide an update on share trading at 9 a.m. local time (1 a.m. ET) on Tuesday. “Due to the current situation, the Bank of Russia has decided not to open a stock market section, a derivatives market section, or a derivatives market section on the Moscow Exchange today,” the statement read. Read more: https://www.cnn.com/2022/02/28/business/russia-ruble-banks-sanctions/index.html?utm_source=optzlynewmarketribbon Quote Link to comment Share on other sites More sharing options...
spin_dry Posted February 28, 2022 Share Posted February 28, 2022 Uncle Joe did a damn good job pulling together a coalition. Germany even decided to up their military spending to 2% of their GDP. Go Joe!!! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted February 28, 2022 Platinum Contributing Member Share Posted February 28, 2022 Thanks Vlad on uniting NATO again and getting Germany to step up Quote Link to comment Share on other sites More sharing options...
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