Sunday, 31 January 2016
UK Press Release - BREAKING NEWS : Financial Time suspicious about Moscow’s Stock Exchange solidity
Indeed, the FT investigated and found out that Gazprom’s shares lost 37,8% of their value in less than a day. The situation is even worse for Roneft, whose shares are at their lowest level since their entrance on the stock market. Lukoil shares now worth nothing ruining millions of share owners.
According to Paul Krugman, Nobel prize of economics (2008) : « The fall of such important Russian companies could mean the death of Russia’s economic sustainability. If Gazprom was to be collapsing, all Russian forces will just vanished because they would lack of energies supplies ». (krugman.blogs.nytimes.com)
For Madelaine Albright, professor in Georgetown University, the greatest danger for Russia is that the collapse of its economy « will amplify the social discontent and may lead to greater riots and political instability ».
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