Moscow Exchange to Suspend Trading of US Dollars and Euros

Due to new US sanctions, the Moscow Exchange may transition to a new format for trading in US dollars, according to Lenta.ru. This was announced by Mikhail Delyagin, the deputy head of the State Duma's economic policy committee.

As the parliamentarian noted, transactions are conducted domestically, and in his opinion, the exchange’s operations will be modified and trade will continue. “I believe it will just take some time,” the deputy stated.

Delyagin suggested that the Moscow Exchange needs to establish new regulations and indicated that trading may be moved to another platform. The Moscow Exchange will stop trading in US dollars and euros from June 13 due to US-imposed sanctions. According to the Central Bank, after the sanctions against the Moscow Exchange, transactions in dollars and euros will continue to be carried out in the over-the-counter market.

Trading in all other exchange segments and exchange instruments in rubles and other currencies will proceed as usual. To determine the official exchange rates of the US dollar and euro against the ruble, the Bank of Russia will use reports from banks and information from over-the-counter transactions.