Russia’s ruble fell Thursday the country’s military invaded Ukraine.

Dollar was more than 10% higher against Russian currency. This sent the ruble to the lowest point ever.

Moscow’s 8:40 am Moscow time saw the ruble trade at 89.8903 USD, and the greenback had gained 10.45% since the previous day.

Putin called it a “specially military operation,” just days after sending troops to Ukraine’s east breakaway areas in Donetsk, Luhansk. These latest developments follow months of Russian military buildup in Ukraine near the borders. The troop count was as high as 150,000.

Ukraine’s situation is quickly deteriorating and it is hard to find specific reports.

Ukraine Foreign Minister Dmytro Kuleba reported just after 7 a.m. local time that Russia has begun intense shelling of Ukraine’s units in the country’s east.

The Ukrainian air force claimed it was resisting an attack and the authorities report that heavy artillery is being used to target Ukraine’s border units.

According to Ukraine’s military, another attack was taking place in Crimea from Russia-annexed Crimea. The sirens were heard in Kyiv. The Ukrainian government warned citizens that missile strikes could be coming to Kyiv and they advised them to shelter in their homes.

NATO has called for an emergency meeting as a response to the invasion. The actions of Putin were condemned by President Joe Biden, who promised to place “severe sanctions” on Russia.

Boris Johnson (U.K. Prime Minster) stated, “Putin chose a path to destruction.”

Stock futures in Europe and the United States are both trading in negative, while oil prices remain sharply elevated. For the first time in 2014, international benchmark Brent crude exceeded $100.