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.

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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.