Russia’s stock market has suffered its worst week in over two years due to US tariffs and a drop in global oil prices, with the Moscow Exchange (MOEX) losing 2 trillion rubles ($23.7 billion) in just two days.
The MOEX Russia Index fell 8.05% over the week, its worst performance since late September 2022, with major firms such as Sberbank and Gazprom seeing significant declines, amid fears of a global recession and a potential trade war.