Russia · Country watch
Euroclear Asset Risks, Microsoft Outage Hits Russia
Euroclear faces asset seizure risks in Russia; Microsoft outage disrupts services, affecting Russian institutions.
The picture Mixed How this is judged →
Business conditions in Russia are mixed today. Euroclear's warning on asset seizures raises financial risks, while a Microsoft outage disrupts operations. However, rising oil prices provide a slight boost to market indices.
In this briefing Valerie Urbain · Euroclear · Microsoft · Moscow Exchange · RTS Index
Regulation
Euroclear warns of asset seizure risks in Russia
Euroclear CEO Valerie Urbain has warned of potential asset seizures in Russia and allied countries if frozen Russian assets are expropriated. In an interview with Le Soir, Urbain stated that such actions could damage the reputation of the European financial system and undermine investor confidence. Euroclear, a major securities depository, is concerned about the repercussions of forced asset transfers on its operations in Russia.
Impact Financial institutions with assets in Russia face increased risks of asset seizures, affecting their operations and investor confidence.
Sources: RG.ru Rossiyskaya Gazeta ↗, Izvestia ↗
Disruption
Microsoft outage impacts Russian institutions
A major outage of Microsoft services has affected both private and public institutions across Europe, including in Russia. RIA reports that the disruption has impacted government agencies and airports, leaving users without access to essential tools. Microsoft has paused updates and is working to restore its services, though the cause of the outage remains unclear.
Impact Public institutions and businesses in Russia relying on Microsoft services face operational disruptions due to the outage.
Sources: RIA ↗
Markets
Russian stock market rises on oil price increase
Part of: Russian stock market fluctuates amid geopolitical and economic factors →
The Russian stock market opened with a moderate rise in the Moscow Exchange and RTS indices, both increasing by 0.2% at the start of trading. Interfax attributes this growth to optimism over potential progress in Ukrainian conflict negotiations and the rise in Brent crude oil prices, which have exceeded $96 per barrel for January futures.
Impact Investors in Russian equities see a slight positive shift as oil prices rise, boosting market indices.
Sources: interfax ↗
Nothing significant reported today in Internal tension · Safety & health · Companies · Trade · Politics.
Also today in the local press
- Market participants forecast Turkey’s year-end inflation above 30% — Tass
- Microsoft shares fall by 3% amid disruptions to company’s services — Tass
- Microsoft outage affects 74 countries, territories — Downdetector — Tass
- Bridge damage disrupts transport links across Dnieper in Kiev — lawmaker — Tass
- Рубль утром укрепляется в паре с юанем на фоне стабильной нефти — interfax
- Russian stocks up as main trading session opens — Tass
- Лидер Индонезии принял отставку вице-президента: грядет политический кризис? — RG.ru Rossiyskaya Gazeta
- SpaceX, Tesla may announce merger in December — Bloomberg — Tass
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.