St. Petersburg Stock Exchange will limit the trading mode on February 28

JV Exchange also restricted trading mode on Friday, February 25th. On the evening of that day, the marketplace reported that it was expecting a return to the standard schedule, but indicatedwhich can make changes “in the event of the publication of important economic and political news that can have a critical impact on financial markets.”

Moscow exchange reported that on the morning of February 28 cancels bargaining.

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On February 24, after President Vladimir Putin announced the start of a military operation in Ukraine, the ruble began to weaken sharply against the dollar and the euro at the opening of trading on the Moscow Exchange. Moscow Exchange and St. Petersburg Exchange suspended bargaining. Petersburg Stock Exchange February 25 released an appeal to private investors, in which she assured that she was taking measures to protect their assets and interests, in particular, by suspending trading and increasing the requirements for security of positions.

After Russia recognized the independence of the DPR and LPR and launched a military operation in Ukraine, the European Union, the United States, Great Britain, Canada and other states imposed sanctions against the country. In particular, the US Treasury has banned American financial institutions from any transactions (in the primary and secondary markets) with Russian ruble federal loan bonds (OFZ) or currency sovereign Eurobonds issued after March 1, 2022. Russian banks fell under restrictions of varying degrees of severity: Sberbank, VTB, Otkritie, Sovcombank, Alfa-Bank, Promsvyazbank, Novikombank and others. In addition, the EU and the US have agreed to disconnect some Russian banks from SWIFT.

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