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Ruble, Russian Markets Rebound As Foreign Ministry Says War With Ukraine "Unthinkable"
Early this week, on Monday, Russia's central bank stepped in to halt the ruble's rapid slide as it hit a 14-month low against the dollar, extending prior losses in a geopolitics-led rout. The near free fall wiped out tens of billions of dollars from Russia's largest firms as some NATO countries began sending deployments of jets and frigates toward eastern Europe on alarmist headlines that Moscow was set to order an invasion of Ukraine. However, while the week opened looking like the region was on the brink of war, it was Ukrainian leaders themselves attempting to walk back the claims of "imminent" invasion, which in ... (full story)