JPMorgan says Russia unlikely to rejoin MSCI global indexes until after 2027

Reuters

Wed, Mar 19, 2025, 10:21 AM 1 min read

NEW YORK (Reuters) - Russian stocks are apt to request much clip to reenter the wide followed MSCI planetary equity indexes that the astir optimistic script of 2 years from June, JPMorgan analysts wrote successful a lawsuit note.

Russia was removed from the MSCI equity indexes, including its emerging markets benchmark, successful aboriginal March 2022, days aft Moscow's penetration of Ukraine began.

In a precocious Tuesday note, JPMorgan said that portion investors hoping for an imminent solution to the warfare mightiness beryllium expecting the two-year process for stocks to rejoin the scale to commencement successful June, it was "too optimistic" to deliberation that timeline would beryllium met.

MSCI, which has said the adjacent starting constituent of the two-year process would beryllium successful June, tin astatine its discretion change the process.

Rising involvement successful Russian assets has seen the rouble ascent much than 30% against the dollar truthful acold this year.

Russia and Ukraine accused each different connected Wednesday of violating a woody to temporarily extremity attacks connected vigor targets, conscionable hours aft it was agreed by U.S. President Donald Trump and Russia's Vladimir Putin.

Ukraine's dollar bonds fell sharply connected the news.

Yet Trump said aft a telephone with Ukraine's President Volodymyr Zelenskiy that "we are precise overmuch connected track".

(Reporting by Rodrigo Campos; Editing by Jan Harvey)