"Everything Is Burning, and Putin's Whereabouts Are Unclear" — Expert on Panic at the Moscow Stock Exchange

Political strategist Mykhailo Sheitelman said that the defeatist mood among Russians caused by Ukraine's strikes and the gasoline shortage has now spread to the Moscow Stock Exchange as well, reports Politeka.

He discussed this on his blog.

According to the expert, not only are Russians facing a shortage of gasoline, but the Moscow Stock Exchange is also plunging dramatically. It is experiencing its steepest decline since September 26, 2022. Sheitelman recalls that September 26, 2022, was the day Russia announced mobilization. At the time, many Russians felt they had hit rock bottom and that things could not get any worse, which also led to a sharp market crash.

"The Moscow Stock Exchange has been falling for something like its 48th consecutive day — the exact number doesn't matter — but the pace of the decline is the same as when Russians believed they were losing the war. What does that mean? It means that Russians, who invest their money in the stock market, also believe they are losing the war badly. Why? Because there's no gasoline, Crimea is gone, everything is burning, and even Putin's whereabouts are unclear. That's why everything is falling. Today, Gazprom is worth ten times less than it was in 2008 — just over $30 billion. That's a record low," Sheitelman emphasized.

According to him, the situation has become so bad that Russian authorities had to bring out Communist Party leader Gennady Zyuganov, who suggested confiscating citizens' bank savings. The expert notes that it is somewhat ironic for a communist to talk about confiscating money, but this is what Russia's political strategists came up with.

"And now it's clear. The stock market fell because of Zyuganov. Zyuganov is supposedly to blame because he called for people's savings to be taken away. But the reality is exactly the opposite. Everything is collapsing, and they brought out Zyuganov so they could blame him for it. As if the markets crashed simply because Zyuganov said something foolish. Sure — as if everyone trading on the stock exchange is just sitting there waiting to hear what Zyuganov has to say. In any case, there is plenty to talk about today regarding how Russia is falling apart," Sheitelman concluded.

Latest news:

Let's remember Politeka wrote, Expert Explains Why Europe Is Providing Ukraine with War Aid: “It’s the Greatest Shield”

Politeka also informed, He became one of the brightest figures in Polish politics: Sławomir Majman talks about the new president of Poland

In addition, Politeka informed, Expert Explains Whether the West Can Destroy Russia’s Shadow Fleet