The global crisis has begun: expert tells whether the collapse of stock markets will affect Russia
An economist explained how the global financial crisis could affect Russia.
The collapse of global stock markets will not directly affect Russia, but the Russian economy may be affected by the decline in oil prices.
Economist Sofia Donetsk expressed this opinion in a conversation with RIA Novosti .
Signs of recession are being seen in many leading economies, and analysts were already expressing concerns last week about a slowdown in China's economy.
Now the anxiety has increased because of Japan. The authorities of this country raised the key rate, which strengthened the position of the national currency, but negatively affected exporters.
The updated unemployment statistics in the US added to the negative side. There, it suddenly rose sharply.
On August 5, stock markets began trading with a decline. The Japanese market suffered one of the largest declines in history.
Commodity markets are also affected, with Brent crude falling below $76 a barrel.
Donetsk noted that a lot has changed since 2022, so the Russian market is no longer as sensitive to global events as before.
There is an impact, but it is weaker than it could be. For example, there is no outflow of funds from foreign investors.
In addition, over the past 2 months, the Russian market has shown a significant correction and is not overheated.
The main influence on the Russian economy will come from oil prices and the mood of local investors.
