Markets respond to the Russian invasion
20:25
The indices of the most important European stock exchanges started with declines. London's FTSE-100 lost 1.22 percent at the opening on Tuesday, the Paris CAC-40 fell 1.82 percent, and the German DAX 2.4 percent.
Investors pay particular attention to the latter – it is commonly believed that the German economy will suffer the most from the Ukrainian conflict, mainly due to its dependence on Russian raw materials.
Russian assets are getting red cards from investors. The ruble is weakening against the dollar. Currently, the dollar costs over 80 rubles, a level that has not been recorded since the market collapse following the news of the outbreak of the pandemic in March 2020.
Information about the recognition by Russia of the separatist republics in Ukraine and the introduction of Russian troops into eastern Ukraine has undermined the energy resource markets.
"Oil prices have been rising since the optimism after the Biden-Putin meeting has faded, while OPEC + continues to ruffle over the quota of extraction that has largely led to a severe global energy deficit," Pratibha Thaker of the Economist Intelligence Unit told the agency Reuters.
