The Russian stock market reacted to new sanctions

  • The Russian stock market reacted to new sanctions

Moscow-Kyiv: On Thursday, June 15, quotes on the securities market in Russia accelerated the decline after the "Direct Line with Vladimir Putin" - official statements failed to calm investors. The exchange situation was also influenced by news about the US Senate's tightening of sanctions against Russia, Front News International reports.

Major indices on the Moscow stock fell significantly in the morning: the MICEX - by 2.6%, RTS by 3.3%. The shares of the largest Russian mining, metallurgical and fuel and energy companies, including Surgutneftegaz, Mechel, RusAl and Lukoil, fell in price.

On the fuel and energy markets, Russian companies suffer chronic price losses due to an excess of oil in the world market, mainly due to an increase in the production of shale oil in the US.

On Wednesday, June 14, the US Senate voted for new sanctions against Russia. After the Senate, the relevant resolution will be considered by the House of Representatives, and if approved, it will be signed by US President Donald Trump.

Representatives of the Democratic Party demanded to strengthen sanctions in response to what is now being discussed as a "systematic Russian cyber-interference" in the election campaign during the presidential election in 2016.

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