Reported 7 months ago
In response to new US sanctions against Russia, the Moscow Exchange has halted trading in US dollars and euros, following a public holiday in Russia. The move forces banks, companies, and investors to trade these currencies over-the-counter instead of on the central exchange, impacting liquidity and oversight. Despite assurances from the central bank that savings in dollars and euros remain safe, the sanctions may affect trading volumes on the Moscow Exchange and have immediate effects on currency rates.
Source: YAHOO