Tuesday, July 23

The Central Bank of Russia suspended euro trading on the Moscow Stock Exchange

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Dollar and euro trading on the Moscow Exchange site was suspended and moved to the over-the-counter market

Euro trading on the Moscow Stock Exchange was suspended due to compliance by the European Union with American sanctions, the Bank of Russia said.

“The sanctions were imposed only by the United States, but the EU countries also comply with them. Therefore, exchange trading has also been stopped in euros,” the regulator explained.

On June 12, the United States expanded sanctions against Russia – the Moscow Stock Exchange was blacklisted.
 
After that, trading in dollars and euros on the Moscow Exchange site was suspended and moved to the over-the-counter market.
The Central Bank of Russia explained that both the international foreign exchange market and the foreign exchange markets in most countries of the world are over-the-counter.

“Exchange—traded currency is not a necessary condition for the convertibility of the national currency, the free circulation of foreign currency and market exchange rate formation,” the message says.

Trading on all other exchange segments and on exchange-traded instruments in rubles and other currencies will take place as usual, the Central Bank added.
The official ruble exchange rate will be calculated using the over-the-counter exchange rate, it will remain uniform and market-based.
“Companies and citizens can continue to buy and sell US dollars and euros through Russian banks. All funds in US dollars and euros on the accounts and deposits of citizens and companies remain safe. The deposits and accounts of citizens and organizations in US dollars and euros remain in the same mode of disbursement established by the Bank of Russia,” the Central Bank of Russia reports.

source:  https://ru.sputnik.kz/20240613/tsentrobank-rossii-priostanovil-torgi-evro-na-mosbirzhe-44945535.html

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