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International

Moscow stock exchange stops trading in dollars and euros

10:30, Thursday, 13 June, 2024
Moscow stock exchange stops trading in dollars and euros

The Moscow stock exchange announced on Wednesday that it will stop trading dollars and euros from Thursday, June 13.

The announcement came on the same day the United States introduced a new package of sanctions against Russia.

Wednesday's package targeted Russia's financial infrastructure in an attempt to limit the amount of money flowing in and out of Russia.The Moscow Exchange, the National Clearing Centre and the National Settlement Depository, which act as intermediaries in dollar trading on the Russian foreign exchange market, were included in the new sanctions list.

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