Moscow stock exchange stops trading in dollars and euros

Amidst the U.S. introducing new sanctions targeting Russia’s financial infrastructure, the Moscow stock exchange announced it will halt trading in dollars and euros from June 13. The move comes as G7 leaders prepare to gather in Italy, with priorities including boosting Ukraine support and weakening Russia’s war efforts. While dollar and euro transactions will continue over-the-counter, the U.S. has sanctioned over 4,000 Russian entities since the war began, aiming to restrict money and arms flow to Moscow.Copyright Alexander Zemlianichenko/AP