Russia Sanctions Send Ruble And Stocks On A Dive, Central Bank Hikes Rates
The ensuing economic sanctions on Russia after the invasion of Ukraine are creating mayhem across the globe. As oil prices went up, the Russian ruble dropped to a record low while world stocks have taken a hit as the country’s central bank is hiking rates. Q4 2021 hedge fund letters, conferences and more Market TurmoilAccording to Reuters, world markets have taken a big hit as the pan-regional STOXX 600 index tumbled 1.10% and European banks were shaken by Russian sanctions over the invasion of Ukraine. Oil jumped 5%, while the ruble dropped by 32% —the lowest on record. In response —and to ta...