Shares of Russian “Sovcomflot” fell amid Trump’s attacks on Putin
26.05.2025 - 15:04
The leader of the decline was Gazprom, whose shares fell by 3.5%, Rosneft shares fell by 1.4%, and Sovcomflot – by 2.6%.
Sharp attacks by US President Donald Trump, who called the head of the Kremlin “crazy” and threatened to tighten sanctions against the Russian Federation, collapsed the Russian stock market, writes Forbes Ukraine.
On Monday, May 26, the Mossberg index fell by 1.5%, to 2,727 points. Since the start of trading, it has fallen to 2,719 points, the lowest since the beginning of April.
The leader of the decline was Gazprom, whose shares fell by 3.5%. Sberbank (-1.5%) and VTB (-2.4%) also found themselves in the red zone amid information about the EU’s plans to disconnect another 20 Russian banks from SWIFT.
Rosneft shares fell by 1.4%, Sovcomflot by 2.6%, Severstal by 2%, Aeroflot and Magnit by 2.2%.
Read also: Russia’s “Sovcomflot” suffered losses of almost $400 million due to sanctions.
