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MOSCOW, Russia (AFP) — Russian inventory indexes fell Monday because the Ukraine disaster quickly deteriorated, with the Kremlin dampening hopes for a summit between Russian chief Vladimir Putin and US President Joe Biden.
The dollar-denominated RTS index was down 8.5 % at 1200 GMT, and has fallen practically 19 % for the reason that begin of the yr.
The Russian foreign money additionally slid, with the US greenback being exchanged for 78 rubles and the euro for nearly 89 rubles.
Russian inventory markets have taken a number of hits in latest months as traders assess the newest twists of the disaster.
The Kremlin warned Monday there have been no concrete plans for a summit between the Russian and US leaders.
The thought of a Putin-Biden assembly has been championed by France and cautiously welcomed by Ukraine as a approach to avert a catastrophic conflict in Europe.
Combating between the Ukrainian military and pro-Russian separatists in jap Ukraine has intensified in latest days.
The US accuses Russia of massing as much as 150,000 troops close to Ukraine’s borders, saying Moscow is on the lookout for a pretext to launch an assault on its pro-Western neighbour.
© Agence France-Presse
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