Russian Prime Minister Mikhail Mishustin said on Tuesday that Russia has temporarily suspended options for foreign investors to pull from Russian assets, as reported by Reuters.

Additional takeaways

"Financial measures ordered by President Vladimir Putin will support the rouble rate."

"Import substitution should become the key area of development for us."

"We still see foreign businesses as potential partners."

"Russia should intensify economic shift away from dependence on natural resources."

Market reaction

The market mood continues to sour during the European trading hours and the Euro STOXX 600 Index was last seen losing 1.7% on a daily basis.