Share report: European shares decline to five-week low, concern grows over Russia-Ukraine standoff

European markets remain volatile as Ukraine crisis continues.

13th March, 2014
In Dublin, the Iseq index was down 1%

European markets remain volatile, with shares falling to a five-week low today as concerns grew over the continuing Russia-Ukraine standoff ahead of Crimea’s referendum set for this weekend.

The United States and European Union stepped up pressure on Russia today, urging them to back down. Investors are unlikely to take big risks in the run up to the referendum as any further sanctions or military interventions will all weigh heavily on markets.

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