OREANDA-NEWS On the first working day in Russia in 2025, the Moscow Exchange index accelerated its decline. At a minimum, it reached 2,782 points, according to the site data.

Auctions on the Moscow Stock Exchange began on January 3, and they were also held on January 7 and 8. These days, the stock market was retreating from the local maximum reached on the last trading day of 2024.

The RTS index dropped to 862 points, and the yuan rose to 13.78 rubles. One of the reasons for the fall is the correction after the positive reaction to the Central Bank's decision not to raise the key rate on December 20. Another could be the threat of new sanctions against Russian oil exports, which puts pressure on companies in the industry.

This week it became known that the administration of outgoing US President Joe Biden is going to impose new sanctions against the Russian shadow fleet transporting oil shipments at prices above $ 60 per barrel.

Earlier, Anton Tabakh, chief economist of the Expert RA rating agency, did not rule out that the tightening of sanctions against Russia and the trade wars that US President-elect Donald Trump threatens to start could hit the global economy and trigger a chain reaction of falling exports.