Russian stocks have dropped nearly 6% as tensions between Russia and Western countries over Ukraine have risen.
According to trading data on Monday, the ruble-denominated MOEX Russia Index fell 5.93 percent to 3,235.28 points, while the US dollar-denominated RTS Index fell 8.11 percent to 1,288.17 points.
Earlier on Monday, the North Atlantic Treaty Organization (NATO) said its allies are “placing forces on alert and sending additional ships and fighter jets to NATO deployments in Eastern Europe” to deter Russia, according to Xinhua news agency.
Meanwhile, Russia is holding large-scale drills in the Baltic Sea with 20 warships and support vessels.
