MOEX21 Sep 2022 14:23
Down another 10% today
https://tradingeconomics.com/russia/stock-market
'The MOEX Russia Index sank as much as 10% before cutting the losses to 3% at 2,150 on Wednesday, extending last session’s 9% plunge as President Putin ordered the country’s first mobilization since World War II. Putin ordered the mobilization of 300,000 soldiers and emphasized Russia’s readiness to use its nuclear weapon arsenal, escalating the war further with Western nations. The index tanked yesterday as the Kremlin confirmed that is moving to annex Ukrainian territory, setting up referendums to join Russia in the breakaway Luhansk and Donetsk Republics, Kherson, and Zaporizhzhia. The annexation is seen by many as serious means of escalation, giving grounds for the Kremlin to consider Ukraine’s recent counterattack an aggression on Russian soil with Western weapons. Russian financial markets were also pressured by the announcement Russia would tax exports to raise RUB 3 trillion to cover its looming budget deficit. Energy shares and banks led the losses.'
#ha_ha