Everyone piles on as Russian ruble collapses

| 12:09 am EST February 28, 2022
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Even as we approach Monday’s opening bell for the Russian stock market – if they’re even able to get it open after hackers did a number on the Moscow Exchange’s website – suffice it to say that Russian currency is already in collapse. Due to the metric ton of financial consequences levied against the Russian economy over the weekend, the Russian ruble is now in full scale collapse, down as much as 41% against the U.S. dollar.

Naturally, everyone is piling on as Vladimir Putin’s currency goes down the tubes:

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As various financial experts have pointed out, because these financial moves against Russia are so unprecedented, the collapse of the ruble (and presumably the Russian stock market once it opens) could end up having unpredictable effects on the world economy. But at this rate the world has decided to take out Putin’s financial legs out of necessity, and deal with the economic fallout later.