Skip to content

Russia’s Stock Market

All aggression is about power, Nothing excerpts power like money

Despite Russian military strength, the markets meltdown in the country yesterday highlights President Vladimir Putin’s vulnerabilities, Matt writes.

  • Russian stocks suffered their worst day in history. The ruble-denominated Moex dropped more than 30%. The dollar-denominated RTS index was down 38%.
  • The ruble plunged to a record low against both the dollar and the euro.
  • Russia’s central bank said it would intervene in markets to blunt the decline of the ruble. It also instructed brokerage firms to suspend short selling, amid the stock market carnage.
  • Russian government bond prices dove (more on that later).

Axios Markets By Emily Peck and Matt Phillips ·Feb 25, 2022