The situation is estimated to increase the instability of the ruble exchange rate.
The Moscow stock exchange, which has been subject to US sanctions, announces that it will stop trading in euros and US dollars starting tomorrow.
The Central Bank of Russia hastened to notifythat citizens and companies can still buy and sell dollars through banks and that funds stored in dollars and euros are not at risk.
The situation is estimated to increase the instability of the ruble exchange rate. The central bank has determined the ruble’s official exchange rate based on currency trading on the stock exchange, and now the determination of the exchange rate will become even less transparent.
A respected Russian economic expert Alexander Prokopenko evaluate In the X message service (on former Twitter) that working with currencies in Russia is becoming more difficult and expensive, but not yet impossible.
The central bank now announces that it will determine official exchange rates based on bank reporting and data from digital platforms that mediate over-the-counter trades.