Oil and the crisis of the Russian stock exchange

The record-breaking collapse in oil prices also caused significant panic worldwide. While analysts had previously smirked that the price of oil wouldn't fall below $45, today's $30 per barrel has dealt a severe blow to the main indices of oil-producing countries. A look at Moscow's leading RTS index clearly demonstrates the consequences:

Naturally, the Russian ruble has also suffered some damage, both last year and this year, and given that oil and mineral prices aren't expected to rise anytime soon, we'll be seeing this kind of panic on the Russian stock exchange almost every day:

The resumption of the decline in China's main indices and its crisis is causing a collapse in global stock markets.

It is safe to conclude that until the Chinese stock exchange stabilizes and the decline in oil and other energy prices ceases, the global crisis will shake up major indices around the world more than once.