[Roccus]

Would most of that 60+% loss be domestic or the result of foreign investors pulling out? (or just a combination of both)

[NeoCaveman]

My guess is it is a combination of:

Oil going from 145 to below $90 and

Foreign investors fleeing as Putin gets more “Soviet” by the day.

[TigerLikesRooster]

Putin destabilized the domestic financial market exactly at the wrong time, just before financial tsunami envelops the whole world.

Vladi played a little game of near-abroad imperialism, coupled with naked confiscation of foreign assets. It badly weakened Russian financial system, now is being hammered by the force Vladi never imagined. Maybe he was too preoccupied with destabilizing U.S. to pay attention to what is coming to Russia.