The Moscow Exchange is falling… and experts comment

Two indices of the Moscow Exchange fell today, on Monday, and the stock index of shares denominated in rubles, the MICEX, for the first time since February 24, 2022, fell below the 2,000 point mark.

By 11:32 Moscow time, the MICEX index fell by 5.19 percent to 190.88 points, and the RTS index – by 6.06 percent to 1072.67 points.

Previously, experts pointed out that the decline is temporary, as speculators use the psychological factor. Economic expert Alexander Nazarov stressed that the performance of the Russian economy is strong.

He said: “In general, the economic situation (in Russia) continues to improve, there is no inflation, production began to increase in July (2022), and the results for the year are expected to be much better than expected in March of this year.”

He added: “Of course, moving to a higher level in the confrontation with the West entails higher economic risks, and (partial) mobilization may negatively affect the economy, but this impact will be limited.”

Source: RT + RIA Novosti

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