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Russian stock market suspends dollar trades after US sanctions

From finance.yahoo.com

Russia's main stock exchange halted dollar and euro trades on Thursday after the United States hit Moscow with a new package of sanctions over its military offensive in Ukraine. Washington announced Wednesday it was sanctioning Moscow Exchange, Russia's main stock market and clearing house for foreign currency transactions, a major new financial punishment. "Due to the introduction of restrictive measures by the United States against the Moscow Exchange Group, exchange trading and settlement of instruments in US dollars and euros will be suspended," Russia's central bank said in a statement Wednesday evening. ... (full story)

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