Source link : https://london-news.net/russian-stock-market-plummets-amidst-stalled-peace-negotiations/
On Wednesday, Russia’s stock market experienced its largest single-day decline in three years following comments from a senior diplomat indicating that efforts toward a potential peace agreement to resolve the Ukraine conflict had largely stalled.
The Moscow Exchange (MOEX) Index, which monitors 40 of the nation’s major publicly traded firms, plummeted by 4.05% to 2,563.3 points—the lowest mark since December 2024—representing the most significant one-day drop since September 2022.
Shares of Gazprom dipped by 4.1%, Sberbank by 4.9%, VTB by 4.7%, and Rosneft by 2.5%.
Both Severstal and Aeroflot dropped nearly 5%, while Rostelecom, Inter RAO, and Magnitogorsk Iron & Steel Works lost more than 5%. Mechel experienced the largest decline, dropping 6.7%.
“Geopolitical uncertainties are continuing to exert pressure on investors,” noted Yaroslav Kabakov, strategy director at Finam.
The market downturn intensified following remarks from Deputy Foreign Minister Sergei Ryabkov, who stated that the “strong momentum towards reaching agreements” that followed President Vladimir Putin’s conversation with Donald Trump in Alaska had “run its course.”
Ryabkov further noted that the “framework” of Moscow’s relationship with Washington was “collapsing” and that the Kremlin observed “no advances” from the U.S. in efforts to mend relations.
The day prior, Putin had conveyed to high-ranking military officials that their objectives remained steadfast: to…
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Publish date : 2025-10-13 13:50:00
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