14 October 2024
Following the United States’ sanctions against the Moscow Exchange, investors from “friendly” countries began actively selling Russian shares.
Source: The Moscow Times, citing data from the Central Bank of the Russian Federation
Details: According to this year’s Q2 statistics, assets in non-resident accounts with Russian brokers fell by 9.6%, or over RUB 189 billion (approx. US$1.9 billion) – up to RUB 1.77 trillion (approx. US$18.3 billion).
A significant decline in assets occurs on the accounts of brokers’ clients from international offshore zones (Virgin Islands, Panama and Belize), as well as in the countries that neighbour Russia. Thus, customer assets in Azerbaijan declined by 65% (to RUB 0.5 billion), Uzbekistan by 30% (to RUB 59.7 billion), and Kazakhstan by 20% (to RUB 185.8 billion).
The last time foreign investors lowered their interests in Russian assets was in the third quarter of 2022. At that moment, these interests decreased to RUB 0.5 trillion (approx. US$5.1 billion) due to Western sanctions and stock market volatility.
However, following that, investments increased. According to the findings of the six quarters ended 31 March 2024, the Moscow Exchange index increased by 70%, reaching 3333 points. In the second quarter, a correction began, and the index fell by 5.5% to 3154 points.
The withdrawal of foreign broker clients will be reflected in the third-quarter figures to the full extent, as the US Treasury extended the licences required to deal with Moscow Exchange until 12 October.
Background:
- The Moscow Exchange will shortly withdraw from the shareholders of Kazakhstan Stock Exchange (KASE).
- On 13 June, shares of the Moscow Exchange fell 15% following the introduction of US sanctions.
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https://www.pravda.com.ua/eng/news/2024/10/14/7479649
“Source: The Moscow Times, citing data from the Central Bank of the Russian Federation”
So, how many did really leave the shithole’s stock exchange?
“However, following that, investments increased. According to the findings of the six quarters ended 31 March 2024, the Moscow Exchange index increased by 70%, reaching 3333 points. In the second quarter, a correction began, and the index fell by 5.5% to 3154 points.”
The full picture is not shown here. Before mafia land invaded, the MOSE was valued at 4268, it is now trading at 2773. A drop of 42% thanks to the genius in the kremlin.
IF the numbers coming from the professional liars are correct. I suspect an even lower value if correct figures were known.
Here are some facts that will anger you. It’s a list of companies still operating in mafia land. The source is very reliable, but what stinks is the amount of US and EU countries still operating as normal.
https://som.yale.edu/story/2022/over-1000-companies-have-curtailed-operations-russia-some-remain
I know all about this, foccusser. That’s why I always complain about the useless sanctions and the useless West with its weak, cowardly, and greedy leaders.
Unilever has now at long last gone for good.
The other blue chip fmcg giant; P&G, remains.
I boycott both.
So actually 9 in 10 foreign investors refuse to leave nazi stock exchange.
If the numbers from mafia land are correct. But, who’s to say that?