The Moscow Stock Exchange will stop trading in US dollars and euros from June 13 due to new US sanctions

As reported on the site’s website, “in the face of new challenges, the Moscow Exchange will continue to provide clients with access to all segments of the trading platform.”

This means that in the derivatives market all operations will be carried out as usual, but in the foreign exchange market. stocks, monetary and precious metals – for all instruments except US dollars and euros.

In the current situation, inaccurate information began to appear on various Telegram channels, so representatives of the Moscow Stock Exchange in their official account urge people to trust only official data and comments on the site.

Following the news, the Central Bank of the Russian Federation issued a press release explaining that Russian individuals and legal entities will continue to be able to buy and sell US dollars and euros through the bank, and that official exchange rates against to the ruble will be determined by the Central Bank from other sources:

“To determine the official exchange rates of the US dollar and the euro against the ruble, the Bank of Russia will use bank reports and information received from digital over-the-counter trading platforms.”

The usual regime for issuing funds for deposits and accounts of citizens and organizations in US dollars and euros will also be maintained. True, some banks have already begun to inflate the exchange rate for purchasing currency in cash, as reported, for example, by the Moscow News Telegram channel.