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Russian Central Bank Decides not to Resume Trading on the Moscow Stock Exchange


Wed 02 Mar 2022 | 11:53 AM
Ahmed Moamar

The Central Bank of Russia (CBR) decided not to resume trading on the Moscow Stock Exchange today, Wednesday, in the stock market sector, with a few exceptions.

The press service of the bank said that the decision on trading tomorrow, March 3, will be taken before nine o'clock in the morning Moscow time of the same day.

The Russian Central Bank decided, on Sunday evening, to suspend trading in the stock market on the Moscow Stock Exchange this week (until March 5, 2022), in light of the external pressures that the Russian market is exposed to.

It also imposed a temporary ban on brokers from February 28, 2022, to carry out securities sale transactions on behalf of foreigners not residing in Russia.

RCB said, in a statement: “In the period from March 1, 2022, to 5 of the same month, no trading sessions will be held on (the stock market of the Moscow Stock Exchange).