Russian Markets and Economic Price

economic price: Russian markets were punished that day. The Micex index fell 11 per cent, the biggest fall since the Lehman Brothers collapse in 2008 almost shredded the global financial system. Russias biggest stock market players, some controlled by the Kremlin, sank by the same amount or more in near panic selling. The ruble went to a record low against the U.S. dollar, sending the Russian central bank into damage-control mode by lifting rates by 1.5 percentage points. More Related to this Story, according to Globe and Mail. Kerrys visit, and $1-billion aid package, underline U.S. support for new Ukrainian leaders If Russian President Vladimir Putin was worried over the weekend about Western-imposed sanctions, his worries probably doubled on Monday, the first day of trading after he received parliamentary approval to send his soldiers into Ukraine. Why China has turned its back on Russia (www.immigrantscanada.com). As reported in the news.