The Moscow Exchange stops trading in dollars and euros

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AK&M 17 July 2024 13:26

The Moscow Stock Exchange suspends trading in US dollars and euros due to the imposition of US sanctions. This is stated in the press service of the Bank of Russia.

Trading on all other exchange segments and on exchange-traded instruments in rubles and other currencies will be conducted as usual. 

Transactions with the US dollar and euro will continue to be made on the over-the-counter market.

The Central Bank will use bank statements and information from digital platforms of over-the-counter trading to determine the official exchange rates of the US dollar and the euro against the ruble.

Companies and individuals can continue to buy and sell US dollars and euros through Russian banks. Funds in US dollars and euros are kept in accounts and deposits.