Contact Us

Shares Of Russian Companies Plummet In US Stock Market

Dow Opens Weekly Trading Down Amid Turmoil With Russia And Ukraine
Photo by Andrew Burton/Getty Images

NEW YORK (AP) — Shares of Russian companies traded in the U.S. are plummeting as the country’s military forces stream into Ukraine, raising the possibility of sanctions by Western governments.

BNY Mellon’s Russia ADR Index is down 25.6 percent Monday morning. Stocks in the index include metals company Mechel, which is down 7 percent to $1.77; Russia’s biggest mobile communications operator Mobile Telesystems, is down 10 percent at $15.48. Another mobile phone company, VimpelCom, is off 7 percent to $9.55.

Global markets were shaken by the developments in Ukraine and Crimea. Russia essentially took control of Crimea, a Ukrainian peninsula with strategic importance, and the new Ukrainian government in Kiev fears a wider invasion.

In Moscow, the Russian stock market dropped about 10 percent and the ruble hit new lows.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Best of News Talk 940

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://voiceofamarillo.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for VOA VIP Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive VOA VIP Club contests, events, coupons, presales, and much more delivered to you for FREE.