Russia’s biggest exchange halts U.S. dollar, euro trade

Russia’s biggest exchange halts U.S. dollar, euro trade

Reuters/CCTV/CGTN. The Moscow Exchange, Russia's biggest bourse, on Wednesday announced that it will stop trading in U.S. dollars and euros from Thursday.

In a statement posted on its official website, the Moscow Exchange said that the U.S. dollar and euro would be suspended for forex and precious metals trading, and the instruments with settlement in U.S. dollars and euros would not be available for trading on equity and bond, money, and standardised OTC derivatives markets.

The announcement came on the same day the United States introduced a new package of sanctions against Russia.

The Central Bank of the Russian Federation said that the over-the-counter trade for the U.S. dollar and euro would not be affected.

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