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The Central Bank of Russia for the fifth time in a row decided not to trade on the stock market of the Moscow Exchange. This is stated in the press service of the regulator.
“The Bank of Russia decided not to resume trading on March 4, 2022 on the Moscow Exchange in the stock market section, with the exception of the “Redemption: Address Orders” mode with settlements in rubles; derivatives market sections, with the exception of derivatives market instruments of the money section (currency pairs) in the “Closing Positions” mode, the commodity section (precious metals) and mirror contracts for futures on the original sites in the mode from 10.00 to 18.45 Moscow time; section of the SFI market,” the report says.
On February 24, after the start of Russia’s special military operation in Ukraine, Russian indices fell to their lowest levels in history. The head of the Bank of Russia, Elvira Nabiullina, said that the Russian economy is facing an unusual situation, and the Central Bank of the Russian Federation is using any necessary tools. Moreover, the press secretary of the President of the Russian Federation Dmitry Peskov stated that the Russian economy is now under serious pressure, but there is a margin of safety. We add that new sanctions have been imposed on Russia, and many companies are suspending their work on the territory of the Russian Federation.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
