‘Rest in peace dear comrade’: Russian investment analyst drinks to the death of the stock market on live TV – By Natasha Turak (CNBC) / March 4, 2022
- “Dear stock market, you were close to us, you were interesting, rest in peace dear comrade,” financial analyst Alexander Butmanov said during an interview on Russian channel RBC.
- Russia’s stock market has been closed for five straight days following heavy Western sanctions over its invasion of Ukraine.
A Russian stock market analyst pulled out a bottle and drank to the death of Russia’s stock market during an interview live on local television.
The clip went viral Thursday, a week into the Russian invasion of neighboring Ukraine and as Russia’s economy is hammered with Western sanctions.
“Are stock market strategies outdated now, or do you hope to still remain in the profession?” the show’s host on Russian channel RBC asked Alexander Butmanov, founder of the financial technology firm DTI Algorithmic. The host introduced him as an expert on stock market strategies.
“Worst case scenario, I’m going to work as Santa Claus, as I did 25 years ago,” Butmanov replied, according to a translation verified by CNBC
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