
Russia is already paying a hefty financial price for its aggression
CNN
Russian stocks plunged and the ruble slid closer to a record low on Tuesday as investors reacted to President Vladimir Putin's decision to order troops into eastern Ukraine.
Moscow's MOEX stock index dropped 4% on Tuesday after shedding more than 10% on Monday, bringing losses so far this year to over 20%. In total, more than $40 billion has been wiped off the value of Russian stocks this week alone.
The ruble fell toward 81 versus the US dollar on Tuesday, its weakest level in more than a year and close to its record low. The moves prompted Russia's central bank to announce measures to support banks, including a provision that will allow them to use last Friday's prices for stocks and bonds when reporting their financial positions.
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