Russian Stocks Fall Most Since Invasion on Annexation Plans
- MOEX Index fell as much as 11%, dragged lower by energy stocks
- Occupied Ukrainian regions may vote soon on joining Russia
This article is for subscribers only.
Russian stocks slumped the most since the country invaded Ukraine in February as the Kremlin moved to annex the regions it still occupied following a sweeping Ukrainian counteroffensive.
The MOEX Russia Index tumbled as much as 11% before paring the decline, trading down 8.8% by the close in Moscow, the biggest retreat since Feb. 24. Russian equities were the world’s worst performers on Tuesday.