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Russian Stock Market Falls Amidst Border Tensions and Uncertain Negotiations

The Moscow Exchange Index (IMOEX2) experienced a decline of 2.67% in early trading on June 2nd, settling at 2753.92 points, driven by escalating tensions along the Bryansk and Kursk regions and drone strikes targeting Russian military airfields on June 1st. Investor sentiment remains cautious as these events unfold.

Sabotage incidents on railway bridges within the Bryansk and Kursk regions, coupled with drone attacks on Russian military airfields, have contributed to the heightened anxiety among market participants. These security concerns have increased pressure on stock valuations.

Concurrently, negotiations between Russia and Ukraine are set to resume in Istanbul on June 2nd. However, the outlook for these talks remains uncertain, adding another layer of complexity to the market’s current volatility.