Moscow Exchange suspends trading on all its exchanges until further notice

Moscow Stock exchange has suspended trading on all exchanges until further notice. The announcement was made on the official website of the Moscow Stock Exchange, MOEX.com, on February 24.

President Vladimir Putin authorised "a special military operation" against Ukraine on Thursday morning to eliminate what he called a serious threat, saying his aim was to demilitarise Russia's southern neighbour.

Reuters reports that Indian shares fell 3% on Thursday as investors dumped risky assets after Russian troops fired missiles at several Ukrainian cities, prompting Kyiv to declare a full-scale invasion, sending oil prices higher and fueling inflation fears.

The blue-chip NSE Nifty 50 index was down 3.02% at 16,548.20 by 0509 GMT, and the S&P BSE Sensex was 3.07% lower at 55,477.67. The report also said that both indexes were headed for their longest losing run since March 2020, extending falls to a seventh session.

According to Reuters, the Russian ruble tumbled to a record low on Thursday, while the euro sank to a multi-year low to the Swiss franc after Russian forces fired missiles at several Ukrainian cities and landed troops on its south coast. The rouble weakened as much as 5.77% to an unprecedented 86.1198 per dollar.