A man looks at a digital board showing the exchange rate of the Russian ruble against the euro and US dollar outside a currency exchange office. On March 2, 2022, the Russian ruble hit a record low with the US dollar and euro exchange rates reaching 110 and 122 respectively on the Moscow Exchange.
Mikhail Metzel | TASS | beautiful pictures
A Russian stock market analyst took out a bottle and drink to death Russian stock market in a live interview on local television.
The clip went viral on Thursdaya week after Russia’s invasion of neighboring Ukraine and as Russian economy affected by Western sanctions.
“Are stock market strategies obsolete today, or are you hoping to still be in the profession?” The presenter on the Russian channel RBC asked Alexander Butmanov, the founder of the financial technology company DTI Algorithmic. The host introduced him as an expert on stock market strategies.
“Worst case scenario, I’ll be Santa, like I did 25 years ago,” Butmanov replied, according to a translation verified by CNBC.
“Not including jokes, let’s do this quickly,” he said. “I send my congratulations to Sergei Usychenko, who drank 12, 13 years ago until the death of the stock market.”
Butmanov reached down, opened a glass bottle and looked straight into the camera.
“Today, I am drinking carbonated water,” he said. “Dear stock market, you have been near us, you are interesting, rest in peace dear comrade.”
The presenter looked on incredulously, saying, “I’m not going to comment on this stunt, because I don’t want to believe it.”
Russia’s stock market was closed for five consecutive days.
At the time, Russian forces bombed numerous civilian areas across Ukraine, including in the country’s largest cities, Kyiv and Kharkiv, resulting in at least hundreds of civilian casualties.
country’s currency, rubledue to the news of Western sanctions over the weekend targeting Russia’s access to the SWIFT interbank messaging system, the central bank’s stockpile, many export goods and Russian banks, as well as individuals in the country including Russian President Vladimir Putin.
The ruble is now down 30% on dollars from the beginning of the year until now.
Central Bank of Russia more than doubled the country’s interest rates to 20% on Monday in an attempt to calm inflation, and An official banking operation started this week causing many people to rush to withdraw cash.
Russian stocks listed in London have collapsed, their transaction is suspended. The FTSE and MSCI indexes expelled Russian companies, while ratings agency Fitch downgraded its status to “junk” and analysts deemed the country’s shares “uninvestable”. .
