The Perfect Storm: The Russian Stock Market Reached the Level of Early 2024.

Due to the trade war between the USA and Russia, Russian stocks and bonds continue to depreciate. Negative changes are also affecting global stock markets and the Russian market.

On Monday, the MOEX index decreased by 3.9% and reached its lowest level since December 2024, according to The Moscow Times.

The Russian stock market is facing unfavorable conditions. Investors have lost faith in a quick rate cut, the attraction of non-residents to the market, and the stability of Russian companies’ profits. The decline in oil prices and a strong currency are leading to a reduction in income in the oil and gas sector.

“Norilsk Nickel” lost 4%, “Novatek” – 4.5%, “Gazprom” and “Gazprom Neft” – 3.3% and 3.8%, “Surgutneftegas” – 4.6%, VTB – 4.9%, “Lukoil” – 2%. The index of government bonds RGBI decreased by 1.7%.

SberCIB analysts claim that geopolitical factors, general declines in global markets, and falling oil prices are putting pressure on the market. The price of Urals oil decreased to $50 per barrel. This has led to a prolonged but not significant decline in the MOEX index. The index has been decreasing for 14 consecutive sessions. Since the beginning of March, the main indicator of the Russian stock market has decreased by 17%.