Business Standard

Ruble falls to lowest since 2016; markets down as Russia attacks Ukraine

The military attack on Ukraine cast a pall over global markets and sparked another bout of global risk aversion

An employee counts Russian ruble banknotes at an office in Krasnoyarsk, Russia. Photo: Reuters
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FILE PIC: An employee counts Russian ruble banknotes at an office in Krasnoyarsk, Russia | Photo: Reuters

Bloomberg
Russian markets nosedived as military attacks across Ukraine prompted emergency central bank action and investors braced for the toughest round of Western sanctions yet.

The ruble sank to a record low and stocks had their biggest-ever retreat, forcing a second trading halt by the Moscow Exchange. Bank of Russia said it will intervene in the foreign exchange market for the first time in years and take measures to tame volatility in financial markets.  

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The military attack on

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First Published: Feb 25 2022 | 1:24 AM IST

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