YUKOS stocks lost 7 percent on the Moscow Interbank Currency Exchange at 11:30 a.m. Moscow time amid information about a possible default on a $1.6bn export credit.
The Russian stock market opened with a confident advance in all traded securities. YUKOS added more than 3 percent in the first minutes on MICEX. RAO UES, Norilsk Nickel and LUKoil became 2 percent more expensive. However, after YUKOS's press service reported about the notification received, the company's shares started decreasing.
War negates human nature and societal peace and harmony. H.G. Wells manifested the declaration of human rights in 1939 and wondered "What are we Fighting for?"