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Moscow Stock Exchange remains offline amid ongoing Russo-Ukrainian war -Breaking


As reported by local news outlet TASS, the Central Bank of Russia once again suspended trading on the nation’s leading Moscow Stock Exchange (MOEX) on Wednesday, and it will not OffenOn Thursday, the exchange was shut down. MOEX trading has been stopped since February 25, when Russia began its military campaign against Ukraine. On a monthly basis, the exchange’s index has LossOver 34% (not adjusted to inflation) of Russia’s value has been lost as a result of the sanctions imposed by Western leaders on Russia.

In addition, MOEX’s main website has been offline since Monday, with Ukraine’s “IT army” allegedly taking credit for the “hack.” Meanwhile, Russia’s Saint Petersburg Stock Exchange (SPB) also remains closed but will OffenOn Thursday, trading is restricted. While trading is restricted on Thursday, the Dow Jones Russia GDR Index which measures the Russian stock market value as listed on London Stock Exchange has been LossIt lost 93% in its last five trading days. This could lead to catastrophic losses when the Russian market opens.

Russian equity index from the 1900s. Source: SNB & CHF (Author’s note: The “spike” in 1917 resulted from hyperinflation during the Russian Revolution, with stock prices “going up” simply due to the printing of large-denomination ruble notes, in part to fund military expenditures. Meanwhile, their “real” value as compared to foreign currencies, plunged.)