Russian stocks set for the biggest drop since 2009

Source: Bloomberg
Russian stocks set for the biggest drop in five years as Vladimir Putin ordered to seize control of Ukraine's Crimean Peninsula. The INDEXF of equities dropped as much as 8.7% to 1,318.67 as of 11:02 a.m. in Moscow, almost the biggest drop since February 2009.  OAO Aeroflot, Russian biggest airline, contacted 13%. OAO Gazprom, the gas-export monopoly, lost 12%, while OAO Sberbank, the biggest lender, slipped 9%. The seven-day interest rate of the world's largest country grew from 5.5% to 7% as the Ruble reached the lowest level and the U.S. imposed sanctions against Russia.

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