bigdog
Retired many years ago
- Joined
- 19 July 2006
- Posts
- 8,218
- Reactions
- 5,661
The MOEX Russia Index closed over 2% higher at 2,404 on Monday with support from banks, while investors continued to monitor Russia’s energy supply to Europe. Sberbank and VTB jumped 6% and 4.7%, respectively, while Rosbank shares surged 10% after owner Interros Capital announced a share buyback. Meanwhile, Gazprom shares fell after it cut supplies to Europe further. Flows via the Nord Stream 1 pipeline fell under the 40% capacity level from last week, while Italy reported to receive less than half of planned supply. European authorities accused Moscow of weaponizing energy to spark a crisis, exacerbating concerns that Russia’s economic isolation could increase. The cuts were recorded as Russian energy exports to Asia surged, with Indian Urals crude import volumes rising over 800% compared to pre-invasion levels while exports to China rose to a record-high. In turn, higher gas prices supported Novatek shares to surge 11.7%. |
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?