The Moscow Stock Exchange plunged Monday morning by 10%, its lowest since the start of the offensive against Ukraine at the end of February, against a backdrop of tensions in many regions over the partial mobilization.
The main index Moex (in rubles) was down 10.25% at 10:10 GMT to 1,873.55 points, briefly falling below 1,900 points for the first time since February 24.
The RTS (denominated in dollars), fell by 8.59% to 1,043.70 points. These heavy falls come against a backdrop of partial mobilization to reinforce the troops engaged in Ukraine and at a time when annexation “referendums” are underway until Tuesday in four regions of eastern and southern Ukraine controlled by Moscow.
Gazprom also affected
The risk of new Western sanctions against Russia is also disturbing the markets. The action of the Russian giant Gazprommajority-controlled by the Russian state, sank by 6.11% on Monday.
The rouble, which has strengthened for several months, however, did not change against the dollar and the euro, still trading around a dollar for 58 rubles at 10:40 GMT.
