The United States Treasury moved to restrict financial activity tied to key Russian market platforms, allowing limited transactions related to the Moscow Stock Exchange, the National Clearing House, and the National Clearing Depository through August 13. This information appears in a formal document issued by the U.S. Treasury Department and has been reported by TASS, the Russian news agency. The arrangement signals a temporary window during which certain operations could continue under careful supervision as the sanctions framework evolves.
There are indications that a parallel timeline will govern the gradual exit of Moscow Stock Exchange securities from the U.S. market as part of the same sanctions regime. In practical terms, actors involved in cross-border finance are weighing how to transition holdings and settlements while minimizing disruption to ongoing trading and clearing activities.
Earlier communications from the U.S. Treasury detailed sanctions targeting the Moscow Stock Exchange and the National Clearing House, underscoring the role of the NCC as an intermediary in foreign exchange settlements associated with the exchange. The NCC is described as a component of the broader Moscow Exchange and the National Settlement Depository group, highlighting how interconnected financial infrastructure can be affected by policy moves abroad.
In a separate development, Mikhail Delyagin, who serves as Deputy Chairman of the Economic Policy Committee in the State Duma, commented on the potential shift to a new operational format for Moscow Exchange transactions conducted in U.S. dollars. The remark reflects ongoing discussions about adapting market practices in response to sanctions and the implications for currency handling within Russian trading venues.
Subsequent statements indicated that trading in U.S. dollars and euros on the Moscow Stock Exchange would cease as of June 13 due to the sanctions context. The exchange stressed that all instruments would be settled in other currencies or via markets for foreign exchange and precious metals, with the sole exception of currency pairs that include the U.S. dollar and the euro. This position points to a broader realignment of liquidity and pricing mechanisms in the Russian financial ecosystem under external restraints.
Earlier debates in the State Duma touched on what the new sanctions might bring in terms of benefits or consequences for Russia’s financial landscape. The discussions reflect a broader strategic recalibration among policymakers as they assess the impact of external measures on domestic markets and on the international reach of Moscow’s trading venues.