Russia’s central bank announced on Saturday that it would not resume trading on the equity markets of the Moscow Stock Exchange until March 18. CNN quoted the Bank of Russia as saying that the foreign exchange market will open at 10 am (local time) on Monday and product trading will also begin only then. It was told on the bank’s website that next week’s decision on the stock market will be announced later.
The stock market is closed after Russia’s attack in Ukraine. CNN reported that the Russian ruble has registered a record fall against the US dollar after the US, the European Union and other Western allies imposed sanctions on Russia.