The Moscow Exchange (MOEX) suspends trading in dollars and euros in response to latest sanctions

by
Sharing is Caring!

In response to the latest U.S. sanctions, the Moscow Exchange (MOEX) has suspended trading in dollars and euros. This decision affects exchange trading and settlements of deliverable instruments in U.S. dollars and euros. However, individuals and companies can still buy and sell U.S. dollars and euros through Russian banks, and existing funds in these currencies remain secure.

  • Suspension of Trading: The Moscow Exchange (MOEX) has temporarily suspended trading in U.S. dollars and euros. This decision affects exchange trading and settlements of deliverable instruments denominated in these currencies.
  • Sanctions Context: The suspension comes as a response to the latest U.S. sanctions imposed on Russia. These sanctions have escalated tensions and impacted financial markets.
  • Exceptions: While trading on the MOEX is suspended, individuals and companies can still buy and sell U.S. dollars and euros through Russian banks. Existing funds in these currencies remain secure.
  • Market Impact: The suspension may have implications for investors, businesses, and currency exchange operations. Market participants are closely monitoring developments.
See also  Corporate deception preys on consumer trust, betraying expectations and hard-earned dollars.

Sources:

invezz.com/news/2024/06/12/moscow-exchange-to-halt-dollar-and-euro-trading-amid-new-us-sanctions/
money.usnews.com/investing/news/articles/2024-06-12/moscow-exchange-to-stop-trading-in-dollars-after-latest-us-sanctions

www.rt.com/business/599188-euro-dollar-suspense/






See also  Moscow summons US ambassador over civilian deaths in Sevastopol attack

h/t RundaPlazan

Views: 348

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.