Putin Declares 'Special Military Operation'

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'No Playbook For This', 'There Are No Buyers Here': Equities Plunge, Oil Above $100, Gold Soars, Bitcoin Drops 6% as Russia Invades Ukraine

February 24, 2022 5:50 AM EST

Global equities are trading sharply lower this morning after Russia invaded Ukraine. In a classic risk-off move, gold and safe-haven currencies soared as investors seek shelter and run away from risky assets.

While Russian President Vladimir Putin said he authorized a special military operation in Ukraine, a full-scale invasion of Ukraine is how Western officials described the situation seen in Ukraine this morning.

"There are no buyers here for risk, and there are a lot of sellers out there, so this... More