MOEX Crashes Below 1,900 – The 19‑Week Curse Deepens
Russia‘s stock market just hit its lowest level since October 2022. Dividend cuts, geopolitical fear, and a silent regulator are all to blame. The MOEX Russia Index has now fallen for 19 consecutive weeks – a record that no one wanted to see. On Monday, the benchmark dropped below 1,900 points for the first time … Read more
18 Weeks of Pain: Russia‘s Stock Market Just Set a Record No One Wanted
The MOEX Index has fallen for 18 consecutive weeks – the longest losing streak in Russian market history. Here‘s what‘s driving the selling and where the cracks are starting to show. Eighteen weeks. Four months of uninterrupted declines. The MOEX Russia Index just set an all‑time record – and not the kind anyone celebrates. In … Read more
Russia‘s Stock Market Just Had Its Worst Half‑Year Since 2022
83% of MOEX stocks finished in the red. But the damage wasn‘t evenly distributed – and that‘s where opportunity lies. The first half of 2026 is in the books. The MOEX Russia Index lost 15.1% – its worst six‑month performance since the immediate post‑invasion crash of 2022. But beneath the headline numbers, a more nuanced … Read more
The CBR Just Delivered a “Hawkish Cut” – And the Market Missed It
Russia‘s central bank slowed its easing cycle to a crawl. Here’s what the 25‑bp surprise means for your portfolio. >p align=”justify”>On June 19, the Bank of Russia cut its key rate to 14.25% – but only by 25 basis points, against a consensus forecast of 50. The message was clear: inflation isn‘t beaten yet, and … Read more
SPIEF 2026: 1,084 Deals, 6.6 Trillion Rubles – But Will It Lift the Market?
Russia’s flagship economic forum sent clear signals on sovereignty, FX policy, and state priorities. Here’s what investors need to know. Last week, St. Petersburg hosted the XXIX SPIEF – a record‑breaker by any measure. Delegations from 142 countries, over 24,500 participants, and agreements worth nearly $100 billion. Yet the MOEX Index barely moved. In our … Read more
The CBR Cut Rates — But Here’s What the Headlines Missed
Last week the Bank of Russia lowered its key rate, and most English-language headlines called it a dovish signal. The reality inside the Russian market is more complicated — and more interesting. In my first full analysis for Siberian Alpha, I break down the decision and why the OFZ curve is sending a warning that … Read more
Welcome to Siberian Alpha — A New Resource for Russian Market Investors
I’ve just launched a new project called Siberian Alpha, and I’d like to invite you to take a look. If you’ve ever searched for high-quality, unbiased analysis of Russian equities in English, you already know how scarce it is. Most coverage is superficial, outdated, or completely misses the local context. Siberian Alpha is my attempt to … Read more