On the fifth day of the Russian invasion of Ukraine, one of many unanswered questions is why Russia has launched a military campaign at huge cost with maximalist objectives, and then declined to use the vast majority of its fixed wing combat aircraft.
It ceases to exist. With no capital investment companies can’t grow, people have nowhere to invest savings (see the mega-housing bubble in China, as a result of that), and the currency backing it becomes meaningless.
Here, they are just delaying because the open would see a free fall. Judging by the performance of listings for Russian companies on the London exchange, they’d be trading at penny stock levels now.