Published on 28 Feb 2022 on Benzinga
How The Collapse Of The Russian Ruble Could Impact Your Portfolio
The Russian ruble was trading as low as 119 per U.S. dollar on Monday morning, down from 84 per dollar on Sunday, a decline of nearly 30%. The precipitous fall of Russia's currency comes in response to international backlash and sanctions against Russia following its invasion of Ukraine last week.
Russia's central bank announced on Monday that its stock and derivatives markets will remain closed on Monday, but plenty of Russia-linked stocks and ETFs are taking big hits in global markets on Monday.