Russian Economic Contraction and Currency Collapse 2024-2026

Situation

Russian financial markets and currency experiencing significant deterioration, including RTS index volatility, Iranian rial devaluation affecting bilateral trade, credit market contraction, and equity declines across major Russian companies (M.Video, MMK) amid economic sanctions and geopolitical pre

Key Evidence

• Reported event: The S&P 500 stock index declined by 1.1 percent. 1 source
• Reported event: Iran's foreign reserves fell from around $120 billion in 2018 to below $9 billion by 2020. 1 source
• Reported event: The FTSE 100 in London opened 0.68% down on Thursday 3 April 2026. 1 source
• Reported event: Asian stock markets largely declined on 27 March 2026 due to increasing concerns about the possibility of de-escalation. 1 source
• Reported event: Asian emerging market stocks fell overall with the MSCI gauge of EM Asia equities dropping 2.3 percent after Trump's speech on March 12, 2026. 1 source

What Could Change

Developments that could shift our assessment — sources are currently split on these possibilities.

• The united states stock market will decline by 15 per cent or more before the iran war ends.