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Essay: How long will the war in Ukraine last and what will its likely outcomes will be? A prediction on its outcomes (view source)
Revision as of 05:20, August 26, 2023
, 05:20, August 26, 2023→Economic effects of the war on Russia
== Economic effects of the war on Russia ==
== Economic effects of the war on Russia ==
[[File:MOEX Russia Index - stock index that tracks the performance of the 50 largest and most liquid stocks across 10 sectors in Russia.png|thumbnail|center|100px|center|The MOEX Russia Index, or IMOEX, is a stock index that tracks the performance of the 50 largest and most liquid stocks across 10 sectors in Russia.
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It is a capitalization-weighted composite index, which means that companies with larger market capitalization will constitute a larger percentage of the index's value.
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Post the war in Ukraine, the MOEX index is down. However, in May of 2023 it was reported that the MOEX Russia Index has gained 24% in 2023 after tanking 42% in 2022.<ref>[https://markets.businessinsider.com/news/stocks/moscow-exchange-moex-index-highest-level-economic-sanctions-domestic-investors-2023-5 Russia's domestic stock investors, shut off from the international financial system, have helped send the Moscow Exchange to a 12-month high], Business Insider, 2023</ref> Russia's stock market is boosted by domestic investors who have few options amid sweeping sanctions.<ref>[https://markets.businessinsider.com/news/stocks/moscow-exchange-moex-index-highest-level-economic-sanctions-domestic-investors-2023-5 Russia's domestic stock investors, shut off from the international financial system, have helped send the Moscow Exchange to a 12-month high], Business Insider, 2023</ref>]]
[[File:Ruble.jpg|thumbnail|2000px|center|Russian 100 ruble currency note
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Recently, the Russian ruble has seen a big decline:
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*[https://www.marketwatch.com/story/russian-ruble-slides-to-16-month-low-against-u-s-dollar-as-capital-flight-shrinking-trade-surplus-bite-90c2cfbc?mod=search_headline Russian ruble slides to 16-month low against U.S. dollar as capital flight, shrinking trade surplus bite], Marketwatch, August 14, 2023
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*[https://archive.md/xJuj3#selection-4295.8-4295.22 Russia’s War-Torn Economy Hits Its Speed Limit: Economists see this week’s currency gyrations not as the beginning of a financial crisis but rather as a symptom of the Kremlin’s sclerotic economic prospects], ''Wall Street Journal'', August 2023
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*[https://www.businessinsider.com/russia-minister-now-us-truck-driver-salary-same-ruble-crashed-2023-8 The Russian ruble hit a 16-month low this week and is one of the worst performing currencies in 2023], August, 2023
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*[https://www.barrons.com/livecoverage/stock-market-today-081523/card/russia-cranks-interest-rates-to-12-in-emergency-move-supporting-ruble-qZIrzuCgo6bOG4LVggRQ Russia Cranks Interest Rates to 12% in Emergency Move Supporting Ruble], Barron's, August 2023
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*[https://markets.businessinsider.com/news/currencies/russia-economy-crash-ruble-imports-account-finance-putin-moscow-ukraine-2023-7 5 stats show how Russia's economy is declining], Business Insider, 2023]]
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[[File:Ruble 8-26-2023.jpg|thumbnail|center|1000px|Chart of the currency exchange between the Russian ruble to dollars from December 5, 2003 to August 26, 2023]]
== User: Conservative essays on geopolitics ==
== User: Conservative essays on geopolitics ==