OREANDA-NEWS The decline in the Russian securities market is explained by the flow of funds into more profitable conservative instruments. This was stated by the first deputy chairman of the Bank of Russia, Vladimir Chistyukhin. He was quoted by RBC.

He drew attention to the inverse relationship between the value of stock indices and interest rates. The latter have now reached a historical maximum. This ensures that investors' funds flow into more profitable instruments. For example, in deposits.

Chistyukhin also noted that some investors have become more conservative in assessing the business development of some companies.

On Tuesday, November 26, the Russian stock market fell to its lowest level in a year and a half. The Moscow Stock Exchange index collapsed to 2504 points.

By November 20, the Russian stock market had lost all the growth it had shown after Republican Donald Trump won the US presidential election.