Russia sanctions send global markets into a tailspin as the price of oil, gas and wheat soars
Russian stocks took another battering on financial markets as the West imposed tough sanctions on Moscow following the invasion of Ukraine.
As the rouble crashed 30 per cent to an all-time low and Moscow more than doubled interest rates to 20 per cent, shares in companies exposed to Russia tumbled.
And the price of oil, gas and wheat rose as war threatened supplies. 'The trading environment is highly dynamic,' said Peter Garnry, equity strategy head at Saxo Bank. 'Things could get a lot worse from here.'
War, Peace and Markets
