Meanwhile, the Russian stock market plunged more than 10% on Monday but was 7% down when trading concluded.
Anders Aslund is chairman of the International Advisory Council at the Center for Social and Economic Research, a policy group in Warsaw, Poland.
“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 tweeted.
The German and French stock markets were down about 2% in early trading, with analysts saying a New York Times report that U.S.
With the crisis deepening, the attention of the markets and Western policy makers is turning to the possible energy implications for Europe, which gets about half of its natural gas supplies from Russia.
We need to make it very clear to the Kremlin, to Russia, that that would be a disastrous step,” Johnson said.