Ruble rises to 15-month low, oil and gold rise, stock markets fall

The Russian ruble fell to a 15-month low on Tuesday after Russian President Vladimir Putin ordered the deployment of troops in two separatist regions in eastern Ukraine, acknowledging that he was free, Reuters reported.

On Monday, the ruble suffered its biggest fall since the outbreak of the COVID-19 epidemic, which fell due to Western fears, predicting Putin’s decision to recognize both regions as independent and send troops to “keep the peace.” The Great War.

At 0613 GMT, the ruble was 0.2% stronger at 79.64 against the dollar, recovering slightly after falling to 80.5825 in the first trade, the lowest level since November 2, 2020. Russian currency 0.2. Gained% and traded against 90.00 units. The euro is the lowest level since April 2021, having previously touched 90.95.

Russia has repeatedly denied Western claims that it may be planning to invade neighboring Ukraine, but its assets have been destroyed for fear of a military confrontation that will surely trigger serious new Western sanctions against Moscow.

The United States has said it will suspend trade in separatist territories and ban all goods in the region, but said the measures would be different from sanctions imposed by Washington and its allies if Russia launches a large-scale invasion of Ukraine.

The consolidated sanctions will be announced on Tuesday. Possible measures include blocking access to key financial institutions, Russia’s access to global electronic supplies, or restricting Russian energy companies. Read on

The largest MSCI stock index in Asia-Pacific, excluding Japan, fell 1.66% to the worst day of the month on the impact of major mainstream markets in Hong Kong and China. The Japanese Nikkei index lost 1.7%.

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The US and European markets were also ready for strong losses at the start of the session, with the S&P 500 down 1.4%, the Nasdaq 1.9%, the Euro Stoxx 50 1.1% and the FTSE 0%, 6%.

In contrast, Brent crude oil futures rose 2.1% to $ 97.44, a new seven-year high, due to concerns that Russia’s energy exports could be affected.

Spot gold was up 0.1% at $ 1,908.10, up from $ 1,913.89 in the previous six months.

In Hong Kong, shares of Russian aluminum producer OK Russell fell 22.1% to HK $ 6.18, the biggest daily percentage decline since April 2018.

Tensions led to a decline in U.S. Treasury revenues.

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