Russian PM announces resignation of government, MOEX index turns red after short-term diving
Beijing News (Reporter Zhang Siyuan) According to CCTV citing Russian media reports, Russian Prime Minister Medvedev announced the resignation of the entire Russian government.
According to CCTV, Medvedev said that the amendments to the constitution mentioned by President Putin in the State of the Union address will have a significant impact on the balance of power and the administrative, legislative and judicial fields after discussion and adoption. Therefore, the Government of the Russian Federation should give the President the opportunity to make all necessary decisions. In this case, Medvedev believes that the current government of the Russian Federation should resign under Article 117 of the Constitution of the Russian Federation.
Subsequently, Putin thanked the current government for its work and asked all members to do their work well before the new government was established. Medvedev was appointed Deputy Secretary of the Russian Federation Security Conference by Putin.
After Medvedev announced that the current government should resign, the Russian MOEX index dived 25 points after a short-term dive, and as of 22:55 Beijing time, the Russian MOEX index rose 0.26% to 3137.92 points.
U.S. stocks opened slightly lower, the Dow fell 0.17%, the S & P 500 fell 0.05%, and the Nasdaq rose slightly 0.03%. Shortly after the opening, the three major indexes all turned up. As of 22:55 Beijing time, the Dow rose. 0.22% was reported at 29002.94 points, the Nasdaq rose 0.27% to 9276.11 points, and the S & P 500 rose 0.18% to 3289.09 points.
At 23:03 Beijing time, the Dow and the S & P 500 reached another record high, with the Dow rising over 120 points.