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Russian pundit toasts ‘death of the stock market’ live on TV to stunned presenter Business News

An economic analyst on Russian television drank to the “death” of the country’s stock market in front of a shocked presenter.

Russian stocks listed on Moscow’s Moex index suffered the biggest drop on record the day after the start of the invasion of Ukraine last week, falling more than 35%, while the ruble fell to a record high against the dollar.

Trading was suspended on the Moscow Stock Exchange for the fourth consecutive day on Thursday. Other stock markets have suspended trading in Russian stocks.

The Russian ruble has lost another 15% against the US dollar and is now worth less than 1 cent. It has plunged since Western governments imposed sanctions that cut off much of Russia’s access to the global financial system after Vladimir Putin declared war on Ukraine.

Alexander Butmanov, a Russian economist, appeared on Russian news network RBC to discuss the fate of the domestic stock market.

When asked live on TV if trading strategies were outdated and if he hoped to stay in the business, he replied, “At worst, I’ll work like Santa Claus like I did years ago. 25 years. Kidding aside, let me do this real quick.

The stock expert took out a bottle and said, “Sending my regards to Sergey Usychenko who drank 12, 13 years ago because of the death of the stock market.

“Today I’m drinking soda water.”

He continues: “Dear scholar, you have been close to us and interesting. Rest in peace, dear friend.”

Watching without blinking, the presenter said, “I won’t comment on this stunt because I don’t want to believe it.”

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Source: www.independent.co.uk
This notice was published: 2022-03-03 23:16:12

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