Russian stock market crashed

The Moscow Exchange Index fell 2.63 percent due to the geopolitical situation

The main stock indexes of the Russian stock market collapsed despite the rising oil prices. At the close of the main trading session on the Moscow Exchange, the Moscow Exchange index dropped to 3810.10 points (minus 2.63 percent), the RTS index – to 1622.07 points (minus 2.77 percent).

Investors' fears may be associated with the geopolitical situation in Eastern Europe. On the eve, the German edition Bild published a diagram that allegedly depicts a plan for Russia's invasion of Ukraine in early 2022. The map notes that the Russian military intend to invade through the Donetsk and Lugansk regions, which are not under the control of the Ukrainian authorities, and reach Kiev. The Russian Foreign Ministry called the publication of Bild propaganda mixed with ideology.

Among the blue chips of the Moscow Exchange, TCS Group (minus 9.28 percent, to 6,629.4 rubles apiece), NLMK (minus 6.08 percent, to 206.06 rubles) and Sberbank (minus 4.91 percent, to 304.91 rubles). Only Surgutneftegaz shares gained in price (plus 0.97 percent to RUB 38.7).

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