Russian Markets Plunge on Recognition of Ukraine Separatists

[Rogue Valley]

Russian Markets Pare Losses Following Plunge on Recognition of Ukraine Separatists - The Moscow Times

The dollar-denominated RTS index of leading Russian firms dropped 10% on opening.

www.themoscowtimes.com

2.22.22
Russian financial markets opened in deep red territory on Tuesday morning amid intensified sanction fears after President Vladimir ordered troops into Ukraine’s eastern breakaway territories. The dollar-denominated RTS index of leading Russian firms had fallen 10% shortly after 10am, its second day of double digit losses, less than 12 hours after Putin signed documents officially recognizing the Donetsk and Luhansk People’s Republics. The sell-off was across the board, with commodities, banks and technology firms all seeing heavy losses. The Russian ruble breached the symbolic 80 against the dollar bar on global markets during Putin’s speech announcing his decision, reaching 80.9 the following morning. The euro was trading at 91.36. While the White House has so far stopped short of implementing the full range of sanctions threatened by U.S. President Joseph Biden in the event of a Russian invasion, Putin last night acknowledged the likelihood of more painful penalties, saying that “they’ll be adopted anyway.” The Kommersant business newspaper wrote late on Monday night that “the only question is whether the consequences will be harsh or catastrophic.”

The beginning of Russian oligarchs and business taking a financial bath.

Ukraine-Russia: Germany suspends Nord Stream 2 gas pipeline

BERLIN (AP) — Germany has taken steps to halt the process of certifying the Nord Stream 2 gas pipeline from Russia, Chancellor Olaf Scholz said Tuesday, as the West started taking punitive measures against Moscow over the Ukraine crisis .

apnews.com

 

[Allan]

Putin last night acknowledged the likelihood of more painful penalties, saying that “they’ll be adopted anyway.” The Kommersant business newspaper wrote late on Monday night that “the only question is whether the consequences will be harsh or catastrophic.”

We'll find out in the next few days what sanctions are going to be imposed but in my opinion they need to be more toward the "catastrophic" end of the continuum. Anything less is appeasement. Putin is not a man to be treated lightly.

 

[Nomad4Ever]

Good.

 

[code1211]

Russian Markets Pare Losses Following Plunge on Recognition of Ukraine Separatists - The Moscow Times

The dollar-denominated RTS index of leading Russian firms dropped 10% on opening.

www.themoscowtimes.com

The beginning of Russian oligarchs and business taking a financial bath.

Ukraine-Russia: Germany suspends Nord Stream 2 gas pipeline

BERLIN (AP) — Germany has taken steps to halt the process of certifying the Nord Stream 2 gas pipeline from Russia, Chancellor Olaf Scholz said Tuesday, as the West started taking punitive measures against Moscow over the Ukraine crisis .

apnews.com

Markets hate uncertainty.

If Russia invades, kills every man and dog it finds and a new "normal" is established and maintained, the markets will recover.

 

[Checkerboard Strangler]

Russian Markets Pare Losses Following Plunge on Recognition of Ukraine Separatists - The Moscow Times

The dollar-denominated RTS index of leading Russian firms dropped 10% on opening.

www.themoscowtimes.com

The beginning of Russian oligarchs and business taking a financial bath.

Ukraine-Russia: Germany suspends Nord Stream 2 gas pipeline

BERLIN (AP) — Germany has taken steps to halt the process of certifying the Nord Stream 2 gas pipeline from Russia, Chancellor Olaf Scholz said Tuesday, as the West started taking punitive measures against Moscow over the Ukraine crisis .

apnews.com

In 1992 the US dollar was worth 450 rubles.
That was right around the peak of Russia's program of selling bribes to own huge swaths of Soviet public goods and resources.
This time it may wind up as a fire sale on behalf of crumbling Russian oligarchs.
Did anyone notice that most of them park their yachts outside of Russia entirely?
One of them had his parked outside the Statue of Liberty, which is, in my humble opinion, a very solid "dick move" that's meant to convey a message.



He finally weighed anchor and shoved off in late 2017.

 

[Roadvirus]

Russian Markets Pare Losses Following Plunge on Recognition of Ukraine Separatists - The Moscow Times

The dollar-denominated RTS index of leading Russian firms dropped 10% on opening.

www.themoscowtimes.com

The beginning of Russian oligarchs and business taking a financial bath.

Ukraine-Russia: Germany suspends Nord Stream 2 gas pipeline

BERLIN (AP) — Germany has taken steps to halt the process of certifying the Nord Stream 2 gas pipeline from Russia, Chancellor Olaf Scholz said Tuesday, as the West started taking punitive measures against Moscow over the Ukraine crisis .

apnews.com

The Russian people are going to get crushed because of their leader's warmongering stupidity.