Russia allows some more financial market operations over next two weeks

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Russia's central bank has allowed a limited number of additional financial market operations over the next two weeks, as it tentatively eases restrictions linked to the Ukraine conflict.

Stocks and bonds last traded on the Moscow Exchange on February 25, the day after Russia invaded Ukraine, after which the central bank curbed trading as Western sanctions threw markets into turmoil.

On Friday the central bank said trading in OFZ government bonds would restart on Monday. It is yet to say when trading in instruments like stocks can resume, as it looks for ways to clear a backlog of transactions while avoiding a market collapse.

 

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