Central Bank of Russia bans short selling
The Central Bank of Russia has just announced 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.