JPMorgan Analysts wrote that Russian stocks may need more time to re-enter the MSCI Global Index, and the expectation of rejoining the index within two years starting from June is overly optimistic. After the outbreak of the Russia-Ukraine conflict in 2022, JPMorgan removed Russian stocks from the MSCI Global Index in early March, including the MSCI Emerging Markets Index. JPMorgan stated that while investors hoping for a quick resolution to the conflict may expect the two-year process for Russian stocks to rejoin the index to start in June, it is considered 'too optimistic' to believe that this timeline can be achieved. However, MSCI can decide to change this process on its own. JPMorgan concluded, 'Our best-case scenario is that Russian stocks are re-included in the MSCI Global Index by June 2027, but the baseline forecast is that we expect it to be several years later.' Russia and Ukraine blamed each other on Wednesday for violating the new agreement reached hours earlier between Trump and Putin regarding a temporary cessation of attacks on energy targets.