SPB Exchange resumes trading
SPB Exchange has announced resumption of trading in securities, effective February 24, 2022, 12:30 (Moscow Time).
The Saint Petersburg Exchange suspended trading in several of its segments earlier today, in what resulted in a four-hour pause in trading.
The Moscow Exchange (MOEX) also suspended trading for about two hours today. The trading resumed at 10am (Moscow Time).
The Central Bank of Russia has announced a set of measures to stabilize the markets amid the excessive volatility. The regulator imposed a ban on short selling in the Russian financial market.
The ban is implemented in light of the current market situation. The measure aims to protect the interests and rights of financial market investors, lower risks and limit the excessive volatility.
The Central Bank of Russia has instructed all brokers to halt short selling via exchanges and OTC markets. The measures are effective February 24, 2022, 11am (Moscow time). The ban is valid until further notice.
Earlier today, the central bank said it would commence interventions in the Forex market. The regulator will also carry out operations for additional provisions of liquidity to the banking sector.