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Rouble sinks, stocks plunge as Russia weighs fate of east Ukraine breakaway regions

Mount Equity Group Tokyo Japan > News > Markets > Rouble sinks, stocks plunge as Russia weighs fate of east Ukraine breakaway regions

FILE PHOTO – A customer hands over Russian rouble banknotes to a vendor at a market in Omsk, Russia February 18, 2022. REUTERS/Alexey Malgavko

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  • Russian rouble dives past 79 vs dollar
  • Rouble hits lowest point since Jan. 27
  • Stocks plunge over 10% to lowest since Nov. 2020

MOSCOW, Feb 21 (Reuters) – The rouble lost well over 2% on Monday, diving past 79 against the dollar, while stocks plunged to their lowest in over a year after Western fears Russia may invade Ukraine hit new heights as Moscow discussed the fate of two breakaway regions.

After an extraordinary meeting of his Security Council, President Vladimir Putin said he was considering a request by two regions of eastern Ukraine held by Russian-backed separatists to be recognised as independent – a move that could give Moscow a reason to openly send troops. read more

By 1622 GMT, the rouble was down 2.2% against the dollar…

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