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Russia’s MOEX Hits 3-Year Low as Rate Cut, Aeroflot Slides

6/23/2026

50 8 Full Breakdown

Summary

Story summary

The MOEX index fell below 2,368 points, a three-year low, extending a decline that now exceeds the 2008 crisis drop.
Aeroflot shares dropped over 6% as Ukrainian drone attacks kept flights disrupted.
The Russian Central Bank cut its key rate by 25 basis points to 14.25%, the smallest reduction in nine steps, while falling oil, ruble, sanctions risk and a Kremlin need for $54.4-$68 billion to fund the invasion pressured equities.

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Story summary

The MOEX index fell below 2,368 points, a three-year low, extending a decline that now exceeds the 2008 crisis drop.
Aeroflot shares dropped over 6% as Ukrainian drone attacks kept flights disrupted.
The Russian Central Bank cut its key rate by 25 basis points to 14.25%, the smallest reduction in nine steps, while falling oil, ruble, sanctions risk and a Kremlin need for $54.4-$68 billion to fund the invasion pressured equities.