The Moscow Exchange (MOEX) index and russian stocks have returned to their lowest levels after a short-term boom caused by news of talks between Ukraine and the aggressor russia mediated by the US.
The russian publication The Moscow Times reported this on Friday, March 28.
According to the publication, the Moscow Exchange index continued to show a decline in Friday trading that began eight days ago.
By evening, the MOEX index, which includes shares of 43 of the largest russian companies, fell by 2.4% and reached 3.013 points. A few hours earlier, it had fallen to 3.001 points, which is a minimum for the past month and a half.
Gazprom shares showed the greatest decline. During trading, their price fell by 5-6%.
Alfa Bank strategist John Walsh believes that the fall in shares of russian companies is caused by the lack of progress in the negotiations.
"Although the US has made it clear that it may be ready to discuss easing sanctions against Russia, Europe has ruled this out," the publication quotes him as saying.
As the Ukrainian News agency earlier reported, on March 27, Ukraine's European allies said that they would not lift sanctions against russia.
Shortly before that, the European Commission said that one of the main conditions for lifting sanctions is the withdrawal of russian troops from the territory of Ukraine.
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