According to trading data, on the evening of Monday, February 21, the Moscow Exchange index fell below 2800 points for the first time since November 2020.
According to the data at 22:17, the Moscow Exchange index decreased by 18.43% and is at the level of 2,767.82 points.
Earlier in the day, following the results of the main trades, the Russian stock market fell by 10.5%.
In January, US senators published a draft of sanctions against Russia in the event of an aggravation of the situation around Ukraine. The initiative was put forward by the chairman of the Committee on Foreign Affairs of the US Senate Robert Menendez (Democrat from New Jersey). In particular, it provides for a ban on operations with primary and secondary state debt of the Russian Federation.
It was noted that the project is a “clear signal” about the readiness of the United States to achieve “devastating consequences” for the Russian economy.
In February, the media, citing sources, reported that the US administration had prepared sanctions prohibiting US banks from processing transactions for large Russian banks. It was indicated that this is a preliminary package of restrictions that will be activated in the event of a “Russian invasion” of Ukraine. Moscow categorically rejects such plans. It was noted that the sanctions may affect some Russian individuals and companies that will be blacklisted, excluding them from the US banking system.
Earlier, on February 21, the head of the European Commission, Ursula von der Leyen, said that economic sanctions remain the main lever of pressure on Russia. According to her, financial sanctions will lead to the fact that the Russian Federation “will be practically cut off from international financial markets.”
Von der Leyen stressed that economic restrictions could affect all the goods that Russia needs to modernize and diversify the economy and which “it will not be able to replace.”
On the same day, a candidate of economic sciences, financial analyst Mikhail Belyaev said that the United States would not be able to isolate the Russian Federation from international financial markets. He called such isolation difficult and unrealistic. According to Belyaev, international financial markets are not subject to the jurisdiction of any particular country.
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
