Russian shares tumbled essentially the most in eight years as President Vladimir Putin mentioned he’ll decide Monday on whether or not to acknowledge self-declared separatist republics in east Ukraine backed by Moscow.
The benchmark MOEX Russia Index closed down 11%, its largest drop since March 2014 when Russia’s annexation of Crimea soured relations with the West and unleashed rounds of sanctions. On an intraday foundation the index fell greater than 14% — essentially the most since November 2008.
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