Stock Exchange, Ukraine | Ukraine crisis: oil prices are rising sharply – the stock market collapses in Russia

The Ukrainian crisis intensified, after Russia agreed on Monday night to the separatist pro-Russian republics of eastern Ukraine and sent troops to the neighboring country.

Russian troops have been sent to Luhansk and Donetsk in Ukraine, write Bild and the Russian state news agency RIA.

Reuters He writes that several military vehicles and military personnel were seen around Donetsk on Tuesday night.

Foreign Minister Anken Hoetfeldt believes that Russia is in clear violation of international law.

– This could be a turning point in the history of Europe, Heitfeldt told NRK on Tuesday morning.

Stock market crash in Russia

The price of oil rose sharply to more than $ 97 a barrel, the highest level since September 2014. At the same time, the Moscow Stock Exchange opened with a drop of more than ten percent – which is equivalent to a crash.

The Russian stock market has fallen 20 percent in the past two days, after another stock market crash on Monday, when the main index fell 13 percent. The Russian stock market recovered somewhat during Tuesday, but is still down about seven percent.

– In the short term, we will act according to addresses only. For now, the headlines have changed ominously in the last hours, Westpac director Robert Rainey told the Financial Times.

The Russian ruble fell to 80.8 against the US dollar and 91.2 against the euro. On Monday, it weakened by 3.3 percent, and the ruble fell further by 1.2 percent in the morning hours on Tuesday. The development is likely to contribute to higher inflation, which is among the biggest concerns of the Russian authorities, according to Watchman.

Nordea’s chief investment officer, Robert Ness, is taking it all in strides.

– We are not talking about a Russian invasion of Kiev. We hope this is not a tragic situation, says Ness today’s work.

Read also: Rejoicing in eastern Ukraine

Anticipate a stock market downturn

Handelsbanken wrote in a market report on Tuesday that the crucial point is agreement on what qualifies as an invasion. This, in turn, can affect the scope of sanctions. The United States is expected to announce new sanctions later today.

Higher oil prices are usually good news for the krona, but not when there is major turmoil in the world. The krone is trading at 10.18 per euro, and in the professional foreign exchange market you have to get to more than 9 kroner for 1 dollar.

There was a noticeable drop in the Asian markets on Tuesday night, and it is heading lower on the Oslo Stock Exchange from the start. US stock exchanges were closed yesterday for President’s Day, but DNB Markets wrote in its morning report that it is headed for a 1.6 percent decline on Tuesday.

Investors like to flee to safer investments in turbulent times, i.e. from the stock market to the fixed income market. The yield on the important 10-year US government bonds rose significantly yesterday to 1.87 per cent.