Russian share prices nosedive on rumors of mobilization and plans for sham referendums

20 September, 07:12 PM
MSE reacted nervously to the news about the sham referendums (Photo:aa.com.tr)

MSE reacted nervously to the news about the sham referendums (Photo:aa.com.tr)

After the Kremlin decided on Sept. 20 to hold a series of sham referendums across occupied Ukrainian territories and introduce criminal liability for troop desertions, prices on the Moscow Stock Exchange (MSE) plunged.

As of the afternoon of Sept. 20, the MSE index had fallen to 2172.31 points – a drop of over 10% compared to Sept. 19.

According to Russian newspaper Kommersant, Tinkoff Group (-9.68), NOVATEK (-9.63%), Polymetal (-9.82%), and Lukoil (-9.03%) were among the companies that saw the sharpest decline in their share prices.

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MSE index hasn’t fallen below 2200 points since late 2017.

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