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MOEX:LKOH 23 October 2025 - 7 March 2026

Moscow Exchange Last Week: MOEX Gains 2% as Oil Rally Lifts Russian Stocks

Moscow Exchange Last Week: MOEX Gains 2% as Oil Rally Lifts Russian Stocks

The MOEX Russia Index, priced in roubles, climbed roughly 2% to finish at 2,854.11 on Friday, wrapping up the trading week from March 2 to 6. But the RTS, which is calculated in dollars, edged down by about 0.5% for the period, according to market data. This time, it's crude that's pushing things around—not earnings. Brent jumped to $92.69 a barrel by Friday’s close, soaring 27% for the week. That’s the steepest weekly climb since spring 2020. The catalyst: conflict involving Iran that choked off traffic through the Strait of Hormuz, the key Gulf oil corridor. “Every day the Strait stays closed, prices will go higher,” UBS analyst Giovanni Staunovo told Reuters.
China–Russia Mega Trade Deal Jolts Markets: Stocks React to New Pact

China–Russia Mega Trade Deal Jolts Markets: Stocks React to New Pact

China and Russia have upped their economic partnership with a new set of agreements. In late October 2025 Beijing and Moscow announced that they would “push for a stable expansion of two-way trade with an optimized structure”en.people.cn. Commerce Minister Wang Wentao and Russia’s economic minister Reshetnikov co‑chaired a subcommittee meeting on Sept. 28, where they agreed to deepen cooperation in areas from digital services to infrastructure. Most notably, President Putin signed the law ratifying an updated Bilateral Investment Treaty with Chinarussiaspivottoasia.com. This overhaul — originally agreed in May — strengthens legal protections for investors and introduces “single-window” support and visa facilitation for businesspeople, addressing hurdles that had stalled cooperation. The new agreement formally extends the “Power of Siberia 2” gas pipeline project. Gazprom CEO Alexei Miller confirmed that a “legally binding memorandum” was signed during Putin’s September visit, kicking off construction of the pipeline through Mongoliareuters.com. Industry analysts at the Oxford Institute project that even with a final deal, first gas deliveries might not occur before 2030, with full ramp-up by mid-2030sreuters.comreuters.com. In parallel, Russia is expanding LNG supply to Chinareuters.com. The overall aim is to diversify Russia’s markets beyond Europe and to secure China’s access to energy and raw
Putin’s Oil Nightmare: Ukraine’s Drone Blitz Cripples 20% of Russia’s Refining – Oil Markets Rally

Putin’s Oil Nightmare: Ukraine’s Drone Blitz Cripples 20% of Russia’s Refining – Oil Markets Rally

Ukraine has dramatically expanded its drone and missile strikes against Russia’s energy sector. Since early 2025 Kyiv has carried out dozens of long-range raids “hundreds of kilometers” inside Russia, deliberately targeting refineries, pipelines and fuel depots ts2.tech. In an Oct. 24 speech Zelenskyy noted, “We hit a certain number of their refineries… When they started to restore and saw the queues of cars, they redistributed the volumes to other refineries.” He vowed to keep up pressure on every spare plant that is boosting output eenews.net. Independent analysis confirms the scope of the campaign. BBC Verify finds Ukrainian strikes have now hit 21 of 38 large Russian refineries since January 2025 euromaidanpress.com – more than in all of 2024. Fuel shortages and long queues at the pumps are emerging across Russia as damaged plants struggle to meet demand euromaidanpress.com. Notably, recent raids have struck both frontline supply nodes and strategic rear bases. For example, the Gazprom Salavat refinery was hit twice in late Sept., and major facilities near Volgograd and Ryazan have seen repeated attacks euromaidanpress.com.
Oil Prices Rollercoaster: Trade War Fears & OPEC Moves Spark 5-Month Lows

Oil Prices Skyrocket: Brent Nears $66 on U.S. Sanctions – Experts Weigh In

As of mid‑October 23, 2025, benchmark crude prices have rebounded from recent lows. Brent crude was trading near $66 per barrelreuters.comreuters.com, up sharply after news of sanctions. U.S. West Texas Intermediate crude was around $62. OPEC’s reference basket of 15 fuels – a key price gauge – stood near $63.4countryeconomy.com. In short, oil is roughly 5–7% higher than a few days earlier. This comes after a selloff in prior weeks that had sent prices to five‑month lows due to oversupply concerns. Sanctions on Russia. The biggest recent catalyst was a wave of new sanctions on Russian oil giants. On Oct 22–23, the U.S. blacklisted Rosneft and Lukoil over the Ukraine war. This raised fears of disruptions in Russia’s oil exports, sending prices sharply higherreuters.comreuters.com. Saxo Bank’s Ole Hansen noted that Chinese and Indian refineries – the top buyers of Russian crude – would need to find other suppliers or risk financial exclusionreuters.com. UBS analyst Giovanni Staunovo explains that market worries “shift[] from oversupplied markets to supply disruption concerns” when key producers face sanctionsreuters.com. In practice, Brent futures have flipped into backwardation, a sign that traders see tightness in the immediate termreuters.com.

Stock Market Today

  • Wanda Ordered to Pay Suning $258 Million After Failed IPO
    June 30, 2026, 12:08 AM EDT. A Chinese court ordered Dalian Wanda Group to pay Suning.Com 1.75 billion yuan ($258 million) after a property management IPO failed. The ruling settles a long dispute between the firms over the scrapped deal. It points to deal risk in China's property sector. Wanda now faces a major payout as the market feels the weight of regulatory and financial pressure around IPOs.
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