Thursday, March 16, 2023

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Transactions For Foreign Investments Partially Reopened In Russia

Russia reopened stocks and bonds to foreign investors. Foreign investor trading resumed today after a nearly six-month suspension during the war on the Moscow Stock Exchange. Russia, which closed its markets in February to restrict the outflow of money from the country during the war in Ukraine, recently partially reopened its bond market. The Moscow Stock Exchange said in a statement that it would open trading on the exchange to “investors outside of friendly countries”.

He also noted that banks, brokers and investment management companies have begun to enroll their foreign clients in the stock market. Russia closed its stock and bond markets on February 24, hours after the start of the war in Ukraine. In March, it began a phased reopening limited to bonds issued by the Russian government.

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