The US Treasury Department today, June 12, announced the introduction of sanctions against the Russian financial system, in particular against the Moscow Exchange, which operates Russia’s largest public markets for trading securities and currencies.
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In this regard, the Moscow Exchange has already announced the suspension of trading in dollars and euros from June 13, as well as transactions on the stock and foreign exchange markets related to the use of settlement instruments in dollars and euros.
The Central Bank of the Russian Federation, the Bank of Russia, has already stated that in connection with the termination of trading in dollars and euros on the Moscow Exchange, the official exchange rate of the ruble to these currencies will now be determined based on bank reporting data and information from “digital platforms of over-the-counter trading.”
To determine the official exchange rates of the US dollar and euro against the ruble, the Bank of Russia will use bank reports and information received from digital over-the-counter trading platforms, the bank’s press release stated.
At the same time, the Russian Central Bank assured that companies and citizens can continue to buy and sell US dollars and euros through Russian banks.
The United States has imposed sanctions against the financial system of the Russian Federation – the Moscow Exchange stops trading in dollars
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.