Biggest Russian Companies Lose 99 Percent Value

The war between Russia and Ukraine, which has been going on for more than a week, economically It looks like it will create a heavy balance sheet. Although the Kremlin is trying to take various measures regarding the issue, it seems that these measures are not enough. Because when we look at the interval between February 24 and March 2, it is seen that the depreciation of giant Russian companies reaching 99 percent detected. Companies seem doomed to fail.

Anatolia agency Sanctions against Russia have dealt a blow to financial and energy companies, in particular, according to data compiled by For example, the world’s largest natural gas company Gazprom‘s shares fell 99 percent during the war from $ 4.7 to $ 0.051. Known as the largest bank in the country SberbankShares of Gazprom fell 99 percent in value, sharing the same fate as Gazprom. Sberbank shares have declined from $ 2.5 to $ 0.015 levels.

Retail sector in Russia has also hit the bottom

In fact, the Russian economy is based on the energy sector. However, post-war sanctions It has affected almost every industry.. For example, Magnit, one of the largest retail companies in the country, lost 99 percent in value in this process. Shares of X5 Retail traded at $10.6 pre-war, now at $0.31 is being traded.

Russian stock market has been closed for days

Moscow, with stocks falling apart to close the stock market decided. The decision taken on February 28 is still in practice. So the Moscow Stock Exchange has been closed since February 28. No one knows what will happen when it opens. Because the loss of investors trading in Russian stock markets due to the war cannot even be predicted anymore. President of Russia Vladimir PutinIt is unknown for now how he will overcome all this.