Business

Russia’s central bank ordered the Moscow stock exchange to close following the invasion of Ukraine. Trading was halted in certain Russian companies on the New York Stock Exchange and Nasdaq. The value of Russian stocks traded in London tumbled to become almost worthless. The London exchange later suspended dealings in dozens of firms. The Russian finance ministry is to use $10bn from the sovereign-wealth fund to shore up shares in domestic companies. Sberbank, Russia’s biggest, was forced to cease its operations in Europe permanently.