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tldr; Shares in Russia’s biggest bank Sberbank fell as much as 77% in London on Monday, while the ruble hit a new low. The losses came after Western allies imposed tough sanctions designed to all but cut Russia out of the global financial system. Russia’s central bank ordered Moscow’s stock exchange to stay closed and restricted the selling of assets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
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