MOSCOW (Reuters) - Russian stocks and bonds plummeted on Monday and the central bank hiked interest rates, burning its way through $10 billion (5 billion pounds) of its reserves to prop up the rouble as markets took fright at the escalating tension with neighbouring Ukraine.
Investors were ditching all Russian assets alike - the rouble, stocks and bonds. The market capitalisation of the Russian rouble-denominated MICEX stock index fell $58.4 billion since Friday, more than the $51 billion Russia spent on the Winter Olympics in Sochi last month.
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