Gazprom's stock price has fallen to its lowest level since 2008
The Russian stock market continues to lose ground rapidly. The Moscow Exchange Index fell to 2,164.81 points—its lowest level since February 2023. It has lost 14% since the start of summer and 22% since the start of the year.
Gazprom shares saw the biggest drop, falling to their lowest level since 2008. Shares of VTB, Sberbank, Novatek, Aeroflot, and Severstal also fell significantly.
Analysts warn that if the Moscow Exchange Index falls below 2,100 points, the market could be hit by a new wave of panic selling. According to their estimates, since the start of negotiations between the Kremlin and U.S. President Donald Trump in the spring of 2025, the Russian stock market has already lost nearly 40% of its value.
Source: Moscow Exchange, Finam.
Russia is seeing a trend toward staff reductions in various sectors, including IT, healthcare, logistics, manufacturing, retail, consulting, and other business services.
The Russian Ministry of Finance forecasts a sharp increase in regional budget deficits to $21 billion.
