Russia Foray Into Ukraine Sinks Global Stocks

Russia Foray Into Ukraine Sinks Global Stocks

Via AFP:

Global stocks slumped and gold and oil prices soared as Russia's sending of troops to Ukraine's Crimea sparked a backlash and threats of reprisal from leading Western powers.

The rise in tensions over Ukraine fed worries on everything from economic sanctions against Moscow to a possible cutoff of energy supplies flowing from Russia to Europe, to a clash of forces in Ukraine.

The turmoil, escalating since pro-Russian president Viktor Yanukovych was deposed and fled on February 22, sent investors seeking safe havens in top-quality bonds and currencies, a plus for the US dollar but also f...

Continue reading...


Comments

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.