The biggest collapse in history: the consequences of the war for the Russian stock market

As a result of Russia’s full-scale invasion of Ukraine, the world community began imposing devastating sanctions against Russia on its first day. Such actions led to the collapse of the Russian stock market.

On February 24, the Moscow Stock Exchange index fell by 33.3%, the RTS index – by 39.4%. This collapse was a record in the history of the Russian stock market, according to Interfax.

Shares of Sberbank fell by 47% over the day, receipts of TCS Group and shares of Yandex – by 46%, VTB – by 42%, Rosneft – by 38%, Surgutneftegas – by 35%, LUKOIL – by 33%, Gazprom – by 32%.

At the time of writing, the dollar rose to 87.2 rubles (more than 6 rubles before the close of the previous auction), the euro – to 97.36 rubles (more than 5.5 rubles to the previous day).

Source: Radio Liberty


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