Retired many years ago
- 19 July 2006
The ruble-based MOEX Russia index closed 0.3% lower at 2,180 on Friday, dropping 0.7% on the week as EU states continued to disagree on the appropriate price ceiling for services related to the export of Russian oil. Oil-producing giants Lukoil and Rosneft closed in the red as the outlook for...
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%.