INSUBCONTINENT EXCLUSIVE:
Exchange (MOEX) fell by 2 trillion rubles ($23.7 billion) over just two days, sliding from 55.04 trillion rubles ($651.8 billion) at
Moscow.MOEX has shed 17% of its value since mid-February, and shares of major firms have fallen in double-digit percentages: Gazprom by 30%,
These prices signal problems with the state budget and a likely devaluation of the ruble devaluation in the coming months, Kogan
said Thursday during a closed briefing.
