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.
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/
MOSCOW EXCHANGE HALTS TRADING IN USD, EUR FROM 13TH JUNE
— *Walter Bloomberg (@DeItaone) June 12, 2024
#BREAKING #Russia Moscow Exchange announced that, starting June 13, it will not conduct trading in dollars and euros, RIA Novosti reported.
— The National Independent (@NationalIndNews) June 12, 2024
After the United States imposed sanctions on the Moscow Exchange and the National Clearing Centre, the Moscow Exchange announced that tomorrow trading in the foreign exchange section will proceed for all instruments except currency pairs with the US dollar and the euro. $USD $RUB… pic.twitter.com/hWjaIGDGRv
— Evgeny Jenkov (@EvgenyJenkov) June 12, 2024
The Moscow Exchange announced that it will not conduct trading in dollars and euros starting from June 13. Earlier today, U.S. Treasury announced that the United States is imposing sanctions on the Moscow Exchange and the National Clearing Center.
— Enrico60🇨🇳🇷🇺🇵🇸 (@enfree1993) June 12, 2024
MOSCOW EXCHANGE HALTS TRADING IN USD, EUR FROM 13TH JUNE pic.twitter.com/4E83spbG4g
— AnirudhSethi-Chart Surgeon (@CHARTISKING) June 12, 2024
BREAKING: US sanctions over 300 Russia targets, including Moscow Exchange
READ: t.co/u9O1Gu79Ok pic.twitter.com/7cd8Rt0JiY
— Insider Paper (@TheInsiderPaper) June 12, 2024
h/t RundaPlazan