Russian stocks plunge after Trump cuts Putin’s Ukraine peace deadline
global.espreso.tv
Tue, 29 Jul 2025 10:17:00 +0300

The Moscow Times reported the information.The Moscow Exchange Index, which reflects the performance of Russia’s largest companies, fell from 2,777.3 to 2,727.2 points, representing a loss of 1.8% in just over an hour—from 2:55 p.m. to 4:08 p.m. Moscow time. The drop in capitalization was estimated at approximately $1.4 billion.By 4:31 p.m., a significant drop in share prices was recorded for:Sberbank — minus 1.22%Gazprom — minus 2.77%Lukoil — minus 1.11%Sovcomflot — minus 2.24%Mechel — minus 2.98%Novatek — minus 3.2%Aeroflot — minus 4%Amid the instability, the Russian ruble also suffered. The Chinese yuan rose to 11.27 rubles (+1.9%), and the U.S. dollar exchange rate on the international Forex market increased to 81.05 rubles (+2.1%).U.S. President Donald Trump stated that he is disappointed with Russian leader Vladimir Putin and intends to shorten the 50-day period he had given him to reach a settlement with Ukraine.
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