NYSE: ING
What happened
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So what
At approximately 10 p.m. ET last night, Russian military forces launched an all-out assault on their neighbor Ukraine. Russian stocks are plummeting -- but not only Russian stocks. Three big European banks also saw their stock prices crash this morning.
Now what
For a few reasons, these declines make sense. Stock markets are understandably nervous today, with both the S&P 500 and the Dow down more than 1%. And presumably, the closer you are to Russian tanks, the more nervous you're feeling right now.
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European and North American nations began levying sanctions on Russia earlier this week, when Russian troops first started moving into occupied territories in Eastern Ukraine.
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