Russian markets in collapse
- The Russian stock market has been shut for days and officials are barring any cash going to foreign investors. Funds from London to New York have suspended trading.
- For now, at least, any financial asset linked to Russia is all but frozen.
- Even commodity shipments, the country’s economic lifeblood, are being disrupted and some buyers have refused Russian oil. The UK has banned all shipping and airspace to Russia. The USA has banned airspace to Russia. Hundreds of companies, many global entities have stopped supplying Russia with services and goods
- The Russian Ruble is in freefall and asset valuations have crashed in a week.
Source: Financial Review