Relationship between Oil Prices and Russia Exchange Indices: Analysis of Frequency Causality

One of the important research topics is potential impact changes in oil supply and demand on current future price movements or financial market instruments. Especially developing countries such as Russia, which an natural gas exporter, sanctions exports affect country a macroscale businesses microscale. In this context, aim aforementioned study to examine causality relationship between Brent price, input for chemistry transportation sectors, Moscow Stock Exchange MOEX Chemicals, Transport, Financials indices using Breitung Candelon frequency analysis. For purpose, monthly data period January 2015–December 2022 were analysed first with traditional Granger analysis, Toda Yamamoto finally Traditional analysis (Toda analysis) revealed bidirectional Petrol Chemistry Finance Indices. However, there no Petroleum Transport. As result has been determined from prices stock chemical both short term, medium long term. Only short-term found sectors.