The Moscow Stock Exchange plunged Monday morning by 10%, its lowest since the start of the offensive once morest Ukraine at the end of February, once morest a backdrop of tensions in many regions over the partial mobilization.
The main Moex index (in roubles) was down 10.25% at 10:10 GMT at 1,873.55 points, briefly dropping below 1,900 points for the first time since Feb. 24.
The RTS (denominated in dollars) fell by 8.59% to 1043.70 points.
These heavy falls come once morest a backdrop of partial mobilization to reinforce the troops engaged in Ukraine and at a time when annexation ‘referendums’ are underway until Tuesday in four regions of eastern and southern Ukraine controlled by Moscow.
The risk of new Western sanctions once morest Russia is also disturbing the markets.
The action of the Russian giant Gazprom, majority controlled by the Russian state, thus sank Monday by 6.11%.
The rouble, which has been strengthening for several months, however, did not change once morest the dollar and the euro, still trading around one dollar for 58 rubles at 10:40 GMT.
/ATS
