The sanctions come as G7 leaders prepare to meet soon in Italy for a summit where the top priorities will be boosting support for Ukraine and reducing Russia’s war machine.
The Moscow Stock Exchange announced this Wednesday that will stop trading dollars and euros from the Thursday June 13th.
The announcement came on the same day that the United States introduced a new package of sanctions against Russia. Wednesday’s is aimed at Russia’s financial infrastructure in an attempt to limit the amount of money flowing in and out of Russia.
The Moscow Stock Exchangethe largest in all of Russia, the National Clearing Center and the National Liquidation Depositwho act as intermediaries in the trade of dollars in the russian currency marketwere included in the new sanctions list.
Dollars and euros will continue to circulate outside the stock market
Nails sanctions They come as G7 leaders prepare to meet soon in Italy for a summit where the top priorities will be boosting support for Ukraine and reducing Russia’s war machine.
He Banco Central of the Russian Federation also announced that lTransactions with the dollar and the euro will continue to be carried out in the over-the-counter market.
In addition to the European Union, The United States has sanctioned To over four thousand Russian companies and individuals since the war began, in an effort to cut off the flow of money and weapons to Moscow. He has been repeatedly questioned the lack of effectiveness of sanctions.
