Research of the Stock Market of the Russian Federation in the Modern Conditions of the Unprecedented Sanction Load

Abstract

At the present stage of development, the securities market is a necessary attribute of the market economy of any state. This article discusses the Russian stock market, which is the most important segment of the securities market, the conjuncture of which has a direct impact on the state of the economic system of the Russian Federation and the dynamics of GDP. The high relevance of the chosen problem is also justified by the difficult situation and the deep decline of the Russian stock market in the conditions of current geopolitical situation. The article analyzes in detail the unprecedented barrage of sanctions against the Russian Federation that affected the functioning of the country's financial system in general and stock market in particular. The research analyzed the scale of the decline in Russian stock indices. The authors assessed the measures taken by state regulators to normalize the situation in the share and currency markets (stopping trading and restrictions on stock exchange operations, using the funds of the National Wealth Fund for interventions in the stock market, programs for the buyback of own shares by issuers, etc.). The study analyzed the role of foreign capital in the Russian stock market, in particular, a direct dependence of the share of non-resident investors and the depth of the stock market decline. The study identified potentially possible prospects for the restoration of the national stock market and directions for its future development.