Russia’s stock market loses 1 trillion rubles after news on referendum 

In the last few hours, the Moscow Exchange (MOEX) Russia Index sank by over 10% and lost 1 trillion rubles against the background of the news on the possible mobilization in Russia and referendums declared to annex the occupied territories of Ukraine in Russia.

Consequently, the shares of Gazprom fell by 10.2%, Lukoil by 10.6%, Rosneft by 7.5%, and Sberbank by 6.3%.