Russian stocks, currency take a hit as Ukraine crisis intensifies

Russian financial markets turned red on Friday as market participants priced in the knock-on effects of the Ukraine crisis and potential financial sanctions from the U.S.

The VanEck Russia ETF (RSX), which is composed of some prominent Russian equities, experienced declines of more than 4%, adding to declines from Thursday that exceeded 5%.

Russia's currency, the ruble, was also hit today in international FX markets.

The ruble declined 1.98% against the U.S. dollar, while losses against the euro, Japanese yen and the British pound came in at 1.67%, 1.88% and 1.85%, respectively.

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