Russian MOEX index drops 27% since start of 2026 (legrandcontinent.eu)

• MOEX hits 2,022 points, same level as 2022 crisis
• Military Keynesianism drove recovery, now reversed by sanctions and war
• Russian billionaires moving funds abroad to avoid state seizure

"The Moscow Exchange MOEX index fell to 2,022 points on July 16, 2026, a 27% decline since the start of the year and matching the 2022 lows after Russia's invasion of Ukraine. After recovering through 2023-2024 boosted by military Keynesianism, cumulative sanctions and Ukrainian strikes on oil infrastructure are now severely impacting the economy. Russian oligarchs are moving billions abroad fearing asset seizures."