The Russian Stock Market fell sharply after US leader’s statements about possible tightening of penalties.
US president Donald Trump’s sharp statement, in which he called Russia’s crazy dictator Vladimir Putin and threatened to strengthen sanctions against the Russian Federation due to massive attacks on Ukraine, has crushed the Russian market. About this writes Moscow Times on Monday, May 25th.
Mosbirzhi’s index fell 1.51%, losing nearly 100 billion rubles of capitalization at a few hours of bid, and rolling back to a 2727 points mark, and previously dropped to 2719 points – the lowest level from the beginning of April.
Gazprom papers collapsed by 3.5%. Sberbank and VTB shares fell 1.5% and 2.4%, respectively, against the background of messages that the European Union prepared to disable another 20 Russian banks from the Swift System.
Rosneft shares fell 1.4%, Rakflot – by 2.6%, Severstal – by 2%, aeroflot and magnets of 2.2%.
The sale lies in the market considering the destruction of the geopolitical background and tight negotiations in Ukraine.
Analyst Aleksey Antonov noted that most large companies in Russia have recorded a reduction in financial indicators, and some have become unprofitable: in Minus the 2024th Comflot is completed. In the first quarter, the NLMK reported on losses – the largest iron plant in the Russian Federation. A number of giant abandoned dividends. Among them are Gazprom, Norilskell, NLMK and magnets.
“This will be worse. The second quarter promises to be more successful for the market as a whole because of the collapse of oil prices and continuation of the corporate influence of high loan costs,” he said.
Remember that Trump, while talking to journalists, said he was very pleased with Putin’s actions because of his massive Russian attack in Ukraine.
After that, Trump on his social network of social reality clearly described Putin, saying he lost his mind and warned: if he was trying to get the whole Ukraine, it would lead to Russia’s “fall”.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.