Globally, oil and soybean prices soar more than 5%the European stock markets plummeted up to 2.7% and the main Wall Street index, the Dow Jones, fell 1%.
In the context of tension in Eastern Europe, many companies are seeking to isolate Russia from the international community, freezing transactions and withdrawing investments.
British hydrocarbons giant Shell announced Monday it was ditching its stakes in several joint ventures with Russia’s Gazprom group due to the invasion of Ukraine, following the example of BP breaking away from Russia’s Rosneft.
On Monday the ADRs closed with setbacks of up to 6.6%, in a day in which Wall Street operated unevenly throughout the round. In this scenario, the country risk increased 0.8% to 1,810 basic points.
It is worth remembering that over the weekend the leaders of the European Commission, France, Germany, Italy, the United Kingdom, Canada and the United States reaffirmed their strong condemnation of the military operation that Russia has been carrying out since February 24 in the territory of Ukraine and advanced additional sanctions, which follow the individual and sectoral restrictions imposed in recent days.
Source: Ambito
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