Retired many years ago
- 19 July 2006
The MOEX Russia index fell 4.6% to 2,090 on Friday, plummeting 14% on the week amid further escalation of Russia’s war in Ukraine and fresh threats to the West. President Putin ordered the country’s first military mobilization since World War II and emphasized Russia readiness to use its nuclear...
The ruble-based MOEX Russia Index closed 4.1% higher at 2,400 on Wednesday, extending the two-month high hit in the previous session amid a 25% surge for Gazprom after the natural gas giant’s board members recommended dividends for the first half of 2022.
Despite not releasing official numbers, the state-backed company’s CEO Alexey Miller said that earnings for the period will exceed the record-setting performance from 2021, as surging natural gas prices more than offset the decline in exports.
In its latest move, Gazprom temporarily suspended flows to Europe through the Nord Stream 1 pipeline, citing maintenance issues and further reduced supplies to France due to contract disagreements.
Banks also booked sharp gains, led by a near 4% jump for Sberbank. On the month, the MOEX Russia Index added more than 8%.