Russian Markets Plunge as Trump Shortens Deadline for Putin to End War

The Russian stock market suffered a sharp decline after US President Donald Trump announced that he was shortening the deadline for Vladimir Putin to immediately stop the war against Ukraine.

The Gaze reports on it, referring to the Mirror of the Week, citing The Moscow Times.

It is reported that Russian indices lost billions, while the ruble and shares of major companies continued to fall. The Moscow Exchange Index fell 1.8% within an hour after Trump's statements, resulting in approximately $1.4 billion in losses.

Meanwhile, the ruble continued to fall: the dollar rose by 2.1% and the yuan by 2%.

The shares of the following strategic companies were most affected:

Lukoil (-1.11%),

Sberbank (-1.22%),

Sovcomflot (-2.24%),

Gazprom (-2.77%),

Mechel (-2.98%),

Novatek (-3.2%),

Aeroflot (-4%) — The last time the company fell so sharply was after a hacker attack that led to the cancellation of more than 100 flights and disruptions at Sheremetyevo Airport.

As The Gaze reported earlier, US President Donald Trump announced during a meeting with British Prime Minister Keir Starmer that he had given Putin approximately 10–12 days to end the war against Ukraine.