The trading session on the Russian stock market is going on amid a significant drop in stocks of oil companies. LUKoil stocks plummeted 5.6 percent over the first hour and a half of trade on the RTS. Surgutneftegaz dropped 4 percent and Sibneft fell 3.6 percent.
This plummet of oil stocks was an unpleasant surprise for investors, many of whom thought that the stock market should have met the New Year with a rise. However, other stocks are following the falling tendency of oil stocks.
As of 1 p.m., the RTS index dropped 2.7 percent. Analysts also reported significant sales of LUKoil stocks by western investors.
Experts believe that the rate of the Russian ruble may collapse again just like it happened during the crisis in 2014. In turn, Russian companies may deal with the shortage of currency to pay their debts
Austria does not intend to expel Russian diplomats because of the spy scandal