Russia’s stock Market

The Moscow Exchange Index has plunged to its lowest point since 2022, underscoring significant economic challenges facing Russia. Several factors contribute to this decline: soaring interest rates, diminished energy revenues, and escalating geopolitical tensions. The index has tumbled approximately 30% since the year's outset. Concurrently, Ukraine has ramped up drone strikes on key Russian logistics hubs and oil facilities, aiming to disrupt supply chains vital to Russia’s military and energy sectors. While it's uncertain if these actions will mark a pivotal economic shift, they undeniably compound the difficulties confronting the Russian economy.