Stock markets around the world have tumbled as Russia announced military action in eastern Ukraine

The FTSE 100 plunged more than 2-and-a-half percent on opening.

Moscow’s main indices are down as much as 45 percent – while the rouble’s fallen to an all-time low against the dollar and the euro.

The oil price has surged – with Brent crude costing more than 100 dollars a barrel for the first time since 2014.

 


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