Russian stock market collapses to its lowest level in four years

Russian Stocks Plunge to Lowest Level Since March 2023 - The Moscow Times

MOEX index shed 4.42% to 2,313 points—lowest since March 2023—after Central Bank's 25-basis-point rate cut signaled prolonged high borrowing costs. For IT managers, Russia's economic pressure signals constrained enterprise IT budgets and deferred cloud adoption.