Putin’s War Makes Russian Stocks World’s Worst With Grim Outlook
- Down 44%, the MOEX Index heads for worst year since 2008
- War, capital controls and sanctions to weigh on market in 2023
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Vladimir Putin’s invasion of Ukraine sent Russian equities tumbling in February. Nearly 10 months later, a recovery looks far off after sanctions triggered an investor exodus and made them the world’s worst performers.
While the economy has largely stood up better than expected to sanctions imposed by the US and its allies, the stock market paints a different picture.