Russian stocks tumbled on Monday and the country’s currency sank against the dollar to its lowest level in 14 months as mounting tensions over a possible Russian invasion of Ukraine sparked investor fears of sanctions against Moscow.
The risk-off sentiment initially pushed the MOEX Russia Index down over 7 percent intraday on Monday, with a relief rally clawing back some initial losses. By 9:12 a.m. New York time, the MOEX was down around 5 percent at 3233.85.
