All news

Russian stock market lost 40% of its value, Biden claims

"Russia’s economy is reeling and Putin alone is to blame," he said

WASHINGTON, March 2. /TASS/. The Russian stock market lost 40% of its value, US President Joe Biden said in his State of the Union address to the US Congress, speaking about the effect of Western sanctions on the Russian economy.

"The Russian stock market has lost 40% of its value and trading remains suspended. Russia’s economy is reeling and Putin alone is to blame," he said.