Russian stock exchange suspended

Another exchange, the rouble-denominated Micex, fell 18% after yesterday’s global share sell-off and has also been suspended. The RTS, which quotes prices in US dollars, is down 60% since its peak in May 2008, and will remain closed until further notice. The invasion of Georgia has damaged Russian shares as investors began to worry about the impact of a new cold war between the West and the former Soviet superpower. Recent turmoil in the US prompted further falls, with the Micex seeing its largest one-day decline since the collapse of Russia’s financial system in 1998. Interbank lending...