New US sanctions against Russia led to the collapse of the value of shares of a number of Russian companies. April 9 will go down in the history of the Russian market as “Black Monday”.
In one day, the stock market lost 820 billion rubles of capitalization. The euro and the dollar immediately began to rise, with the dollar exceeding 60 rubles, and the euro jumped to 75 rubles - for the first time in the past year and a half. This is not surprising - the new US sanctions are the toughest in recent years and are directed not only against officials, but also against leading Russian companies.
GAZ and RusAl, Rosoboronexport and Basic Element, and other Russian companies fell under the hammer of sanctions. Within a month and a half before the start of summer, American companies and individuals will have to stop all operations, contracts and other forms of interaction with the listed Russian companies or their owners. Thus, the securities of all Russian large companies with a state share and operating in the United States automatically become cheaper. It should be noted that many investors have already begun to frantically get rid of Russian securities, which led to an instant reduction in their value. RusAl and other Oleg Deripaska’s structures suffered the most - the value of RusAl’s shares fell immediately by more than 26%. On the London Stock Exchange, by the end of Monday, RusAl shares fell 40%. Shares of Deripaska-controlled En + Group then declined in price by 41%.
Russia should be afraid, firstly, of the reaction of European business to the sanctions imposed by the United States. Unlike the USA, European countries have much more developed economic ties with Russia. The difference is about ten times. It is the reaction of European business that is of particular importance to Russia. If European investors begin to withdraw capital from Russia, this will really lead to adverse consequences for the domestic economy. Secondly, the beginning of the massive sale of Eurobonds can cause negative consequences, since now the United States is going to ban Russian bonds as well.
At the same time, you should not be afraid of an economic disaster. In recent years, Russia has managed to achieve practically comparable scales of external debt and state reserves. Many Russian companies have long reoriented their export flows, so they will calmly survive US sanctions. Sberbank of the Russian Federation said that the risks of sanctions for the bank are estimated at 2,5% of the size of assets. Unpleasant, but you can live. The ruble’s subsidence can accelerate inflation, but its scale is likely to remain within 4%. Therefore, it can hardly be said that the sanctions were able to inflict some kind of large-scale blow on the Russian economy. Already in the foreseeable future, the damage from them will be covered, it is possible that the American policy it will even benefit the Russian economy, as companies will find new markets for their products.
Sanction strike of the West: Washington did not take into account one moment
- Author: P P 'SЊSЏ RџRѕR "RѕRЅSЃRєRёR№
- Used photos: www.utro.ru