Novatek Russias second largest natural gas producer lost 48 percent. The stock market pain spread across the largest publicly traded companies in Russia.
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Stocks has fallen to levels last seen during the COVID-19 selloff two years ago adding to volatility in an already-nervous market.
. Liquidity in US. Russian stock market crashes while oil prices soar Paul McNamara Reporter Stock markets around the world have plunged in. Gazprom one of the largest natural gas companies in the world lost 54 percent during the worst part of morning trading.
Rosneft another large Russian energy company slumped by as much as 59 percent. Russian stocks erase 200 billion in market value. The sell-off in Russian stocks Thursday following its military invasion of Ukraine marked the third-worst plunge in market history.
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