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The effects of Russia's first foreign war as a capitalist country rippled Tuesday through the Moscow stock markets, which dipped to their lowest level since 2006. The loss of billions of dollars in paper value is confronting the Kremlin with a dimension to its geopolitical posturing that never existed during the cold war, even as Russia seemed to be consolidating its gains after the Georgia conflict. The RTS stock market fell 6.1 percent on Tuesday after President Dmitri A. Medvedev recognized two separatist regions in Georgia. The sell-off was deepened by grim warnings from Western leaders of unspecified diplomatic or economic retaliation for the move. [ABSTRACT FROM PUBLISHER]