By Anthony Marcus, special correspondent for Eurasia Business News, March 26, 2022
View on Moskva City, the Moscow International Trade Center, where billions of dollars are made every day. The Moscow Stock Exchange, closed since February 25 for trading of Russian stocks and bonds, will resume activity on March 28.
Photo credit : Swann Collins, January 2022
The Moscow Stock Exchange will resume normal operation on Monday in equity and bond markets, announced the Russian central bank on Saturday.
Main trading on Russian federal loan bonds will be open from 9:50 AM to 06:50 PM Moscow time, as well as from 9:30 AM to 07:00 PM Moscow time in the negotiation mode, reported the Bank of Russia.
The regulator said that trading of Russian stocks, Russian corporate bonds and Russian regional and municipal bonds will be open from 09:50 AM to 01:50 PM Moscow time.
Trading of foreign shares and other bonds will be open from 9:30 AM to 07:00 PM Moscow time.
Trading of futures contracts for shares, on which the underlying asset is traded in the usual mode, will be open in the period from 10:00 AM to 02:00 PM Moscow time in the usual mode, then in the address mode;
Trading of future contracts for currency and commodity instruments, including mirror contracts for delivery futures from the original sites, contracts for investment units SPDR S&P 500 ETF Trust, futures for the Moscow Real Estate Index DomClick, futures for the OFZ basket, index and interest rate instruments will be open from 10:00 AM to 06:45 PM Moscow time.
Read also : How to invest in gold
For the remaining instruments, trading on the Moscow Exchange will be held in a mode similar to the one established for March 25, 2022.
The Moscow Exchange’s operating hours for the following days will be announced on the Bank of Russia’s official website at a later date.
The Moscow Stock Exchange was closed on February 25, the day after Russian President Vladimir Putin sent troops to Ukraine, triggering several rounds of Western sanctions aimed at isolating the Russian economy from the world.
Read also : How will Russia respond to Western sanctions ?
On March 1st, the United States issued a directive prohibiting Americans from any transactions with the Bank of Russia, the Russian Federal Ministry of Finance and the Russian National Welfare Fund (NWF). Similar decisions were announced by the UK, Japan, Canada, and Switzerland.
Earlier, on February 28, the European Union approved the decision to freeze the assets of the Central Bank of the Russian Federation. Freezing of international reserves of the Central Bank of the Russian Federation was also included in the sanctions package of Australia.
The ban of several Russian major banking groups from the SWIFT interbank network on February 27 and the freezing of the assets of the Russian Central Bank have shaken the Russian economy and severely hit the ruble, who fell to historic level.
Read also : Inflation in Russia reached 7.4% in September
Thank you for being among our readers.
Our community already has nearly 45,000 followers !
Sign up to receive our latest articles, it’s free !
Support us by sharing our posts !
© Copyright 2022 – Eurasia Business News