The Daily Populous Saturday April 5th, 2025 evening edition
Authored by themoscowtimes.com and submitted by Silly-avocatoe

Russia’s stock market has suffered its worst week in more than two years in response to U.S. President Donald Trump’s sweeping global tariffs and a drop in global oil prices.

The market capitalization of companies listed on the Moscow Exchange (MOEX) fell by 2 trillion rubles ($23.7 billion) over just two days, sliding from 55.04 trillion rubles ($651.8 billion) at Wednesday’s close to 53.02 trillion ($627.9 billion) by the end of trading Friday, according to exchange data.

The MOEX Russia Index, which tracks 43 of Russia’s largest publicly traded companies, lost 8.05% over the week — its worst performance since late September 2022, when markets were rattled by the Kremlin’s announcement of mass mobilization for the war in Ukraine.

At the end of trading on Friday, shares in some of the country’s largest firms had plunged: Sberbank fell by 5.2%, Gazprom 4.9%, VTB 6%, Rosneft 3.9% and Lukoil 4.6%. Mechel, the steel and coal giant, dropped more than 7%, while flagship airline Aeroflot slid 4.8% and gas producer Novatek fell 5.4%.

“A massive crisis is unfolding before our eyes,” said Yevgeny Kogan, an investment banker and professor at the Higher School of Economics in Moscow.

Analysts at J.P. Morgan have raised the odds of a global recession to 60% following Trump's tariffs.

The tariffs have caused prices for raw materials to fall, with Brent crude dropping 12% over the past two days, briefly hitting $64.06 a barrel — its lowest level since April 2021. Copper futures fell 11% over the same period.

In the U.S., the S&P 500 fell over 10% between Wednesday and Friday. European stock exchanges closed down 4-5% on Friday after China retaliated to Trump's tariffs with a 34% tariff on all U.S. goods.

The consequences of a global trade war — including lower energy prices, an increase in import costs and renewed inflationary pressures — would acutely impact Russia, a country heavily reliant on commodity exports, said Yelena Kozhukhova, an analyst at Veles Capital in Moscow.

offogredux on April 5th, 2025 at 11:08 UTC »

For me, the most interesting part of the article was learning that the entire market capitalization in Russia is just $650 billion dollars.

Angrylettuce on April 5th, 2025 at 09:51 UTC »

Trump bankrupting Russia and causing a Ukrainian victory would be genuinely hilarious

Slava Ukraine

Silly-avocatoe on April 5th, 2025 at 08:19 UTC »

From article -

Russia’s stock market has suffered its worst week in more than two years in response to U.S. President Donald Trump’s sweeping global tariffs and a drop in global oil prices.

The market capitalization of companies listed on the Moscow Exchange (MOEX) fell by 2 trillion rubles ($23.7 billion) over just two days, sliding from 55.04 trillion rubles ($651.8 billion) at Wednesday’s close to 53.02 trillion ($627.9 billion) by the end of trading Friday, according to exchange data.

The MOEX Russia Index, which tracks 43 of Russia’s largest publicly traded companies, lost 8.05% over the week — its worst performance since late September 2022, when markets were rattled by the Kremlin’s announcement of mass mobilization for the war in Ukraine.

At the end of trading on Friday, shares in some of the country’s largest firms had plunged: Sberbank fell by 5.2%, Gazprom 4.9%, VTB 6%, Rosneft 3.9% and Lukoil 4.6%. Mechel, the steel and coal giant, dropped more than 7%, while flagship airline Aeroflot slid 4.8% and gas producer Novatek fell 5.4%.

“A massive crisis is unfolding before our eyes,” said Yevgeny Kogan, an investment banker and professor at the Higher School of Economics in Moscow.