The Russian ruble fell Thursday with The country’s army invaded Ukraine.
The dollar rose more than 10% against the Russian currency, sending the ruble to an all-time low against the dollar.
The ruble was trading at 89.8903 to the dollar at 8:40 am in Moscow, with the dollar up 10.45% against the day before. Moscow has suspended trading in all its markets.
Putin announced what he called a “special military operation” early Thursday morning, just two days after sending troops into Ukraine’s eastern breakaway regions of Donetsk and Luhansk. The latest news comes on the heels of months of Russian military build-up near Ukraine’s borders as the number of troops reached as high as 150,000.
The situation in Ukraine is rapidly deterioratingIt is difficult to confirm specific reports from the state.
Ukrainian Foreign Minister Dmytro Kuleba reported after 7 a.m. local time that Russia had begun intense bombing of Ukraine’s units in the east of the country.
The Ukrainian Air Force said it was repelling an air attack, and the authorities reported that attacks on Ukrainian border units were carried out using artillery and other heavy equipment.
Ukraine’s military said another attack is now taking place from Russia’s annexed Crimea, as sirens sounded in the capital, Kiev. The Ukrainian government has warned its citizens to hide in bomb shelters to avoid possible missile attacks on Kiev.
NATO is scheduled to hold an emergency meeting in response to the invasion. US President Joe Biden condemned Putin’s actions, vowing to impose “severe sanctions against Russia”.
“Putin has chosen the path of destruction,” British Prime Minister Boris Johnson said.
The attack moved asset markets around the world.
All US and European stock futures are trading in the red, and oil prices are sharply higher. international standard Brent crude exceeded $100 for the first time since 2014.
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