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Moscow exchange Suspends Trading in Dollars and Euro after New US Sanctions vs Russia

The Moscow Exchange (MOEX) suspended trading in dollars and euros on Wednesday, the move having been prompted by a new sanctions package unveiled by the US Treasury earlier in the day. The suspension affects foreign and precious metals trade as well as stock and money trading on Russia’s largest public trading markets, MOEX noted in a statement. Except for dollars and euros, all other financial instruments remain operational. The derivatives market has also been unaffected by the changes, with trade going on as usual, MOEX noted. Russia’s Central Bank elaborated on the matter in a separate statement, explaining that “transactions in […] #Featured #Life #UkraineWar #WarZone
Read Full Article: https://www.vtforeignpolicy.com/2024/06/moscow-exchange-suspends-trading-in-dollars-and-euro-after-new-us-sanctions-vs-russia/?feed_id=12579
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