The Russian stock market is noticeably declining during trading on Tuesday, largely due to profit-taking by speculators, Gazprom is also becoming much cheaper – on the prospects of reducing gas exports and increasing the tax burden, follows from the data of the trading platform and expert comments.

By 15.15 Moscow time, the Moscow Exchange Index is losing 1.26%, reaching 2374.15 points, while the RTS dollar index is growing by 1.36%, to 1376.03 points, due to a sharp strengthening of the ruble on the Moscow Exchange.

At the same time, the dollar exchange rate by „tomorrow” settlements falls by 1.24 rubles, to 54.39 rubles, and the euro – by 1.75 rubles, to 57.10 rubles.

By the middle of the day, the market was subjected to profit-taking in anticipation of new international sanctions, Elena Kozhukhova from Veles Capital believes.

„Russian investors, for the most part, continue to win back local stories and improved news background for individual issuers,” adds Ksenia Lapshina from FG Finam.