Russian business actively withdraws assets from the Russian Federation due to the stock market collapse - intelligence
Kyiv • UNN
The richest entrepreneurs of Russia are transferring capital into cryptocurrency and foreign real estate. The Russian Federation stock market has lost 30% of its value since April, falling to the level of 2016.
Russian business is increasingly getting rid of assets inside the Russian Federation amid a prolonged stock market decline and loss of investor confidence. The country's wealthiest entrepreneurs are transferring capital into cryptocurrency, foreign real estate, and private funds, indicating growing fears about the future of the Russian economy. This is reported by the Foreign Intelligence Service, writes UNN.
The richest people in Russia are urgently changing the structure of their investment portfolios in favor of cryptocurrency, real estate abroad, and private investment funds. This is evidenced by the state of the stock market in the Russian Federation, which has been steadily declining for the 19th consecutive week. The desire to get rid of Russian securities and withdraw assets from the country eloquently speaks of only one thing: people are losing faith in the future of the financial project called "Russia"
As of mid-July, shares of leading Russian companies have significantly fallen in price: Gazprom and VTB lost over 21%, Norilsk Nickel – 24%, Aeroflot – 27%, MTS – 28%. The largest gold miner in Russia, the company Polyus, lost more than half of its value in just two weeks – 53%. Since the beginning of April this year, according to analysts, the Russian stock market has lost approximately 30% of its value and has fallen back to the level of 2016. Such a situation has not been observed for the entire period of record-keeping since 1997.
Intelligence notes that the calculations vividly illustrate the toxicity of modern Russian securities. If an investor had invested one thousand US dollars in Apple shares at the beginning of 2006, they would have received over 130 thousand dollars in profit today. The same investment in Gazprom shares, on the contrary, would have led to a loss of over 600 dollars.
It is no coincidence that the Russian Ministry of Finance has already suspended the placement of federal loan bonds three times in the last month. Investors' offers were so unfavorable for the issuer that it essentially fled the trading, left without raised funds