The benchmark MOEX index gained as much as 10% in early trade in Moscow. Russia's central bank has banned short sales, and foreign investors are not allowed to dump shares, prohibitions that could help support stocks.Investors are able to trade 33 stocks during the limited session from 9:50 a.m. to 2:00 p.m. in Moscow. Blue chip stocks Gazprom, Lukoil, VTB Bank, Sberbank, Rusal and Rosneft are among the equities that are trading.
President Joe Biden is expected to announce additional sanctions during a trip to Europe this week.Read MoreForeign investors are not allowed to sell shares on Thursday under new rules that ban brokers from executing sales on their behalf.Foreign funds held more than 80% of all shares trading on the Moscow Exchange in the first half of 2021, according to Reuters. The United States and Canada accounted for 54% of the total, with 22% from the United Kingdom and 21% from the rest of Europe.
Foreigners prohibited from selling shares. Hotel Moscow Stock Exchange: You can check out anytime you like but you can never leave.
Ben Wallace's failure
The Ukrainian army struck the Orsk landing ship in the Russian-controlled port in the city of Berdyansk. Russia can now resort to chemical or nuclear weapons! After today, every attack on the ships will be the final whistle for Russia,