RE: Russia2 Mar 2022 19:51
The Russian oil and gas giants listed on the London Stock Exchange have seen their shares crashing after Putin invaded Ukraine last week.
Since last Thursday, when Russia invaded Ukraine, shares in Rosneft, Gazprom, Lukoil, and Surgutneftegas collapsed on the London market, losing as much as $190 billion of their combined market capitalization, or 95 percent, according to estimates from Saxo Group and Bloomberg shared by Saxo Bank’s Head of Commodity Strategy Ole Hanse
I worry that Russia may win the battle in Ukraine, but am getting more convinced that they will not win the war, as guerrilla warfare will start, and it looks like the economic sanctions are starting to cause real pain to Russia.