Source link : https://london-news.net/russian-markets-plummet-amid-stalled-ukraine-peace-talks/
The Russian stock and currency markets experienced significant declines during Wednesday’s trading session, spurred by reports indicating that peace talks regarding Ukraine had encountered yet another obstacle.
By 12:30 p.m. Moscow time, the value of the U.S. dollar had increased by 1.5% to 82.71 rubles in the foreign exchange market, while it surged to 83.1 rubles on the Russian interbank market, marking its highest point in a week, as reported by Reuters.
The euro climbed 2.2% against the ruble, reaching 94.5 rubles, and the yuan also rose by 2% on the Moscow Exchange to 11.35 rubles, both achieving weekly highs.
The MOEX index, which was near the 3,000-point level on Tuesday evening, fell to 2,900 points at the start of trading. Shares of Gazprom decreased by 3.2%, Sberbank fell by 1.5%, VTB declined by 3.1%, and Rosneft dropped by 2.9%. Aeroflot, NLMK, MMK, and Alrosa all saw their values decrease by over 3%.
“The downward trend is primarily influenced by geopolitical concerns, as today’s scheduled negotiations in London aimed at resolving the military conflict in Eastern Europe have collapsed,” explained Vladimir Chernov, an analyst at Freedom Finance Global.
According to the British Foreign Office, top diplomats from the U.S. and Europe did not attend the latest round of peace discussions in London, which were intended to focus on a ceasefire initiative now being deliberated among senior officials.
Last Thursday, U.S. Secretary of State Marco Rubio met with…
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Publish date : 2025-04-26 15:32:00
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