The Russian ruble dropped sharply on Thursday after its president officially announced an advancement into Ukraine earlier this morning.
The ruble was trading at 89.8903 to a dollar this morning, according to the local time in Moscow. The ruble was trading at 81.48 to a dollar yesterday, representing a 9.35% plummet in Russia’s currency. Russia has suspended trading session on all its markets.
The Russian President Vladimir Putin said through the broadcast in an early morning address local time that he had authorized a military operation in Ukraine. He warned that any intervention from outside will face immediate responses that never have had before in history.
Throughout the day, explosions were heard across Kyiv while the siren was going off, according to various reports.
