Moscow Stock Exchange suspends trading amid Ukraine crisis

Moscow Stock Exchange suspends trading amid Ukraine crisis
# 24 February 2022 10:19 (UTC +04:00)

Moscow Stock Exchange on Thursday suspended trading amid Ukraine-Russia tensions.
In a short release on its website, the exchange said: "Moscow Exchange has suspended trading on all of its markets until further notice."

The trading in stocks did not take place on Wednesday on account of the Defender of Fatherland Day 2022. In a release the exchange had said: "On February 23 and 8 March 2022, all securities not traded on that day will have their standard indicators – including closing price, admitted quote, and market prices – calculated and disclosed in accordance with current methodologies."

This comes in the backdrop of a recent sharp fall in Russian stocks after a host of countries imposed sanctions, which largely targetted Russian banks, its debt markets, and rich Russian individuals.

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THE OPERATION IS BEING PERFORMED