The Russian stock exchange had not closed since 1917, when the Bolsheviks of the Red Army took power. In the meantime, in 105 years, two world wars have passed: the USSR had time to be born to dissolve. At that time the markets were closed by the communist revolution which – in fact – put an end to private property and the possession of any title, today is the crisis triggered by the aggression of Russia against Ukraine: the economic and financial sanctions have overwhelmed Moscow and convinced the central bank to close the stock market to avoid devastating impacts.
Ruble on its knees, Russian central bank in check: thus the Kremlin economy is in collapse
Giuliano Balestreri
After the Russian Revolution, the St. Petersburg Stock Exchange was closed for 75 years, until 1992. Since its inception in 1865, it has hosted 425 different companies: some for a few months, others for all 52 years of life. The list closed in 1914 with the outbreak of the First World War and reopened for a few months in 1917.
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UPDATES FROM UKRAINE FROM FRANCESCA MANNOCCHI, MONICA PEROSINO AND ROBERTO TRAVAN. LIVE BY GIULIANO BALESTRERI, DANIELA LANNI, MARINA PALUMBO, ROBERTO PAVANELLO
In 1992, with the end of the Soviet Union, the Micex was opened and became the main list of the country; in 2011 it became the Moscow Exchange, but in thirty years it had never closed. Not even after 9/11 or during the Crimean crisis. Today, however, it is not expected to reopen. The hope is that history will not repeat itself.