The Russian stock market experienced the largest since March last year collapse, reports Radio Liberty.
On Tuesday, January 18, the Moscow Exchange index fell by 6.5% by the close of trading, in a different value – to the mark of 3,328 points.
The RTS Index, which is the main indicator of the Russian stock market, fell by 7.29% or up to 1 thousand 367 points. The last time the value of the RTS index was below 1,400 points was in February last year.
Shares of the largest Russian companies – Gazprom, Sberbank and Yandex – also fell by an average of 10%.
Analysts and experts believe that shares are falling in price due to geopolitical tensions – in particular, because of the situation on the Russian-Ukrainian border, where Russian troops are accumulating. The West claims that Russia is preparing for a full-fledged military invasion of a neighboring country. The Kremlin denies this.
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