Russian stocks crash and ruble plunges to record low
CNN
Russian stocks crashed by more than 40% and the ruble hit a record low against the dollar on Thursday.
The Moscow market rout was triggered by news that Russian troops had launched an attack on Ukraine, a move that is likely to trigger a new wave of "full scale" sanctions aimed at President Vladimir Putin's inner circle and Russia's oil-dependent economy.
A broad offensive by Russian forces targeted military infrastructure across Ukraine as well as several airports. The assault began hours before dawn and quickly spread across central and eastern Ukraine as Russian forces attacked from three sides. Putin warned of bloodshed unless Ukrainian forces lay down their arms.
The Republican-led House Select Subcommittee on the Coronavirus Pandemic on Thursday morning will send a letter to US Attorney General Merrick Garland referring a potential criminal case involving former New York Democratic Gov. Andrew Cuomo to the Department of Justice, alleging he lied to Congress.