BOFIT Viikkokatsaus / BOFIT Weekly 2019/01

With over half of the RTS general index weighting consisting of companies in the oil and gas sector, it is easy to overlook shifts in the value of companies serving Russia’s domestic market. While the shares of oil and gas firms rose by 10 % last year, the prices of firms involved in consumer products and retail trade declined by 27 %. Shares of companies involved with finance were down 34 %. The prices of these shares fell sharply in April and August in reaction to US sanctions announcements. The ruble also dipped during both episodes.

Oil and share prices in Russia

Source: Macrobond.