The Moscow Stock Exchange will stop trading in dollars and euros from June 13, 2024. The announcement came on the same day the United States introduced a new package of sanctions against Russia.

Axar.az reports that the Moscow Stock Exchange has released information about this.

It is reported that trading in the foreign exchange and precious metals market will be conducted in all other instruments except the US dollar and the euro.

The same will apply to instruments settled in dollars and euros in the stock and money markets, including the standardized derivatives market. Trading in the derivatives market will be carried out as usual.

According to the Bank of Russia, transactions with dollars and euros will be continued on the over-the-counter market. Individuals and legal entities will be able to buy and sell both currencies through Russian banks, and all their funds will remain safe in existing accounts and deposits.

It should be noted that the Moscow Exchange, the National Clearing Centre and the National Settlement Depository, which act as intermediaries in dollar trading on the Russian foreign exchange market, were included in the new sanctions list.