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Russia faces construction nightmare as stocks in country's biggest company plummet


Published on 2024-12-19 05:41:16 - Daily Express
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  • Vladimir Putin is facing a construction nightmare as stocks in Russia's biggest construction group plummet. Bonds of the country's largest developer - the Samolet Group - have undergone a downward spiral through the summer and autumn.

The article from Express.co.uk discusses Russia's economic challenges, particularly focusing on a construction crisis and a significant drop in stock values. Russia's construction sector is facing severe difficulties due to Western sanctions, which have led to shortages of essential materials and equipment, causing delays and increased costs. This situation has been exacerbated by the broader economic turmoil, including a plummeting rouble and reduced investor confidence. The Moscow Exchange (MOEX) Russia Index, a key indicator of the Russian stock market, has seen a sharp decline, reflecting the economic instability. The article also mentions that these economic woes are part of a larger context of international pressure and sanctions due to geopolitical tensions, particularly related to the conflict in Ukraine.

Read the Full Daily Express Article at:
[ https://www.express.co.uk/news/world/1990643/russia-construction-crisis-stocks-drop ]
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