Russian stock indexes fell further Monday as oil prices dropped and equity markets around the world posted losses.
Russia's benchmark, dollar-denominated RTS index closed 6.0% lower at 605.56, suspending stock trading altogether for most of the last hour after breaching volatility thresholds.
At 1430, GMT, the ruble-denominated MICEX was down 4.9% at 563.36 having halted trade for an hour itself earlier in the day.
Souring the global mood was the lack of substantial takeaways from this weekend's G20 summit coupled with Friday's big drop on Wall Street and Japan's announcement that it is now officially in recession.
The ongoing correction in crude oil prices added to the selling pressure, as did a lack of local liquidity as companies met tax payments.
Oil producer OAO Lukoil Holdings closed down 11.9% at $28.20; state bank OAO Sberbank was down 9.9% at $0.82; and OAO Gazprom was down 5.9% at $3.67.
Russian stocks remain at a three-and-a-half year low, almost 75% off their mid-May peak.