US sanctions on the Moscow Stock Exchange are an expected step from Washington. In an interview with the newspaper “Vzglyad” on this subject stated Honored Economist of the Russian Federation, member of the RANEPA Academic Council Sergei Kalendzhyan. According to him, the Central Bank and the Russian business world were preparing for such a development.
“In addition, the Central Bank will continue to take steps to overcome these restrictions. In particular, it should be expected to take measures to keep exchange rates at 10-15 percent of their current average value. “A corridor needs to be organized that will enable us to predict foreign trade operations,” he said.
He added that these restrictions will of course not pass without temporary consequences. According to him, difficulties can be expected in the currency conversion process and changes in supply chains.
June 12 US Treasury reportedImposing sanctions against the Moscow Stock Exchange and the National Clearing House, which act as intermediaries in foreign exchange transactions on the site. NCC is part of the Moscow Exchange and National Settlement Depository (NSD) group.
Later Moscow Stock Exchange statedIt will halt trading in US dollars and euros from June 13 due to US sanctions. It was emphasized that the exchange “has all the necessary tools” to ensure uninterrupted trading in conditions of increased volatility, including separate auctions and mechanisms to promptly change risk parameters.
Formerly political scientist explainedThis prompted the United States to impose sanctions on the Moscow Stock Exchange.
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Source: Gazeta
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