Russian Forex dealer VTB Forex has stopped accepting bids for the opening of new positions. The changes to the trading conditions have been effective since Friday, February 25, 2022.

The measures, which are said to be temporary, reflect the imposition of sanctions on VTB Bank, which is a liquidity provider for VTB Forex.

The broker is closing automatically all positions left open based on rates from February 25, 2022.

Non-trading operations, such as deposits and withdrawals, continue to be executed as usual.

The broker, along with VTB Bank, is currently working on a plan to minimize the disruption caused by the sanctions. VTB Forex says it will soon resume normal operations.