(Read the full article on TASS.RU)

The Russian stock market started the week with massive sell-offs, falling back to November 2020 levels. As a result of the day, the ruble index of the Moscow Exchange fell by 10.5% – to 3036.88 points, the dollar RTS index – by 13.21%, to 1207.35 points.

The dollar as of 18:53 Moscow time rose by almost 2%, to 79.29 rubles, the euro – by 2.3%, to 89.85 rubles.

“A sharp deterioration in the situation in eastern Ukraine, military clashes on the Russian-Ukrainian border, as well as a substantive discussion of the issue of recognizing the independence of the DPR and LPR at an emergency meeting of the Security Council of the Russian Federation provoked a flight from ruble assets and a serious deterioration in general market sentiment,” explains BCS investment strategist The world of investments” Alexander Bakhtin.