Stocks in Russia plummeted following the country's attack on Ukraine, forcing the temporary suspension of the Moscow Exchange.
Russia's currency, the rouble, has also hit record lows following the country's attack on Ukraine while stocks have plunged across Asia and Europe.
Oil prices have soared to above a hundred dollars a barrel for the first time in seven years as news of the invasion spread.
John Authers, senior editor for markets at Bloomberg Business spoke to Morning Report.
