Russians Mob ATMs As Stock Market Closes Amid Ruble Crash And State Bank Doubles Interest Rates [VIDEO]

Axios reports:

Russia’s central bank said the Moscow Exchange wouldn’t open for stock trading through at least Tuesday. The exchange was closed on Monday.

It’s the latest financial fallout of Russia’s invasion of Ukraine, which triggered massive sanctions from several other countries that have sent the ruble plummeting to record lows against the dollar.

Russia’s central bank increased interest rates on Monday from 9.5% to 20% in response to the crashing ruble and to prevent a run on banks. It also resumed buying gold on the domestic market.

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