MSCI eastern Europe stocks index drops after Russia cuts gas to Poland, Bulgaria

2022.04.27 10:56

FILE PHOTO: The MSCI logo is seen in this June 20, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo

(Reuters) – MSCI’s emerging market eastern Europe equity index dropped as much as 1.2% in early trading on Wednesday after Russia cut gas supplies to Poland and Bulgaria.

This is the fifth trading session in a row with falls for the index, which is down 15% in April alone and at its lowest since 1998, according to Refintiv data

Energy giant Gazprom (MCX:GAZP) has halted supplies for not paying back in rubles, adding that company clients are still getting the fuel in line with their needs.

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