Russian stock market keeps experiencing some dramatic downfalls. MICEX and RTS indices dropped by 7% and 5.8% respectively in the morning of January 22, 2008, RBC reports. Shares of companies like Sberbank of Russia, RAO UES of Russia, Uralsvyazinform, and Surgutneftegas plummeted the lowest (by 17%, 10%, 12.5%, and 10%, respectively).