Actual problems and prospects of the Russian stock market in the context of geopolitical tensions

Abstract

Introduction. In a market economy, the dynamics of the securities market development is the most important tool for stimulating economic growth through the mechanism of attracting investment resources and their redistribution between sectors of the economy. In the context of geopolitical tensions, the Russian stock market has experienced enormous pressure, which has led to a deterioration in the prospects for its further development.Goal. Analysis of the state of the Russian securities market under the conditions of sanctions pressure and identification of the main problems hindering its stable development.Materials and methods. The study is based on the analysis of the economic situation with a focus on the segment of the Russian stock market, determining its competitiveness and growth drivers in conditions of economic uncertainty. The complex consideration of many factors in a dynamically changing environment has necessitated the integrated use of general scientific methods (analysis, synthesis, generalization), comparative analysis, abstract thinking, the method of expert assessments and the graphical method.Results and discussion. In the course of the work, the dynamics of the Moscow Exchange index and the market capitalization of the Russian market were analyzed, statistical data on the number of private investors on the exchange, the volume of their investments in the period 2020–2021 were given. Special attention is paid to the largest companies-issuers of the oil and gas sector. The study of the questions raised made it possible to determine that the Russian stock market shows one of the highest dividend yields compared to developing and developed countries.Conclusion. Based on the results of the study, it can be concluded that the Russian economy has adapted to the new economic realities and is ready for new challenges. From a fundamental point of view, Russian issuers show high operating results. This means that as the economy recovers, we should expect an increase in liquidity on the stock market and a significant increase in the quotations of many companies in the medium term.

Keywords

• stock market
• sanctions pressure
• financial crisis
• investment attractiveness
• infrastructure risks
• dividend yield