MOEX Russia Index Price Target after Ukraine invasion

The MOEX Russia Index is the main ruble-denominated benchmark of the Russian stock market.
The index was established on 22 September 1997.

The number of component stocks is variable, traditionally favored by domestic investors, while foreign investors prefer the RTS Index.

The sanctions from the US and EU could lead to a major selloff, $1220 being the price target, which is the strongest support of the index.

Looking forward to read your opinion about it.