Russian Market Dips After Trump’s Ukraine Peace Deal Timeline Shift
Following President Trump’s announcement to drastically shorten the deadline for Russia to end the war in Ukraine, Russian stocks experienced a sharp decline. The Moscow Exchange (MOEX) Index fell by 1.8% within an hour, resulting in a $1.4 billion loss in market value. Key companies such as Gazprom, Novatek, and Aeroflot saw significant drops in share prices. The sell-off was further exacerbated by a cyberattack that led to the cancellation of numerous Aeroflot flights.
John Q. Hosedrinker