The stand-off between Russia and the West over Ukraine sent Russian assets tumbling on Monday.
Russian assets have been mired in volatility in recent weeks after a build-up of around 100,000 Russian troops along the Ukrainian border sparked fears from Western powers that Moscow was planning an invasion, an allegation the Kremlin has persistently denied.
Anders Aslund, senior fellow at the Atlantic Council and chairman of the International Advisory Council at the Center for Social and Economic Research, tweeted Friday that Russian assets could fall further. Russian servicemen board a military aircraft heading to Kazakhstan, at an airfield outside Moscow, Russia January 6, 2022, in this still image taken from video.over Ukraine sent Russian assets tumbling on Monday.had dropped around 7% and is now down more than 15% year-to-date. The Russian RTS Index was down 8.8% on the day and around 20% lower so far in 2022.
Anders Aslund, senior fellow at the Atlantic Council and chairman of the International Advisory Council at the Center for Social and Economic Research, tweeted Friday that Russian assets could fall further. "So far, the Russian RTS stock index in USD has only fallen 27% from its high point on October 27 before Putin started threatening Ukraine," Aslund said.
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