Russian stock market during pandemic period: trends and prospects

The global economic crisis, which is based on unnatural restrictions on business activity and transactions between economic agents during “calm” periods, has equally affected the basis - the real sector, based on corporate business, and the financial setting, which is based on the banking sector and financial markets. For advanced economies, high liquidity and capitalization of the financial sector, including stock markets, made it possible to provide additional liquidity in the real production sector and partially dampen the negative impact of the crisis on investment activity and stock indices. This cannot be said in relation to the Russian capital market. The crisis had a significant impact on the dynamics of the Russian stock market, quotations of financial assets and business activity of investors. The paper sets out the task of analyzing the course and consequences of the manifestation of crisis phenomena on the state of the Russian stock market in the sections of equity and debt financial instruments, substantiating market development trends in the near and medium term. Special attention is paid to the trends in corporate stocks and bonds and government debt obligations, which, on the one hand, accurately characterize the dynamics of market indices and quotations, and, on the other hand, indicate the different impact of the crisis on the financial and economic situation of issuers represented by corporations and the state.