(Bloomberg) -- Overseas trading of Russian stocks is soaring as investors react to the twists and turns of the military standoff in Ukraine long after the Moscow bourse has closed for the day.

Volumes in the Market Vectors Russia ETF surged to an all- time high of 26 million on March 3, more than six times the one- year average, as stocks plunged after President Vladimir Putin got lawmakers’ approval to deploy troops in Ukraine’s Crimea region. Investors have sought to hedge their assets in Russia as they gauge whether the worst standoff between Moscow and the West since the end of the Cold War will escalate.

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