The Russian Central Bank announced the continuation of the suspension of trading on the Moscow Stock Exchange, today, Wednesday, for the third consecutive day, in conjunction with the continuation of Russian military operations in Ukraine for the seventh day.
The bank said it will allow a limited set of operations for the first time this week.
Russia is trying hard to take several measures to protect its economy from the effects of Western sanctions, and has stopped trading more than once in the financial market since the invasion, but this has not succeeded, with conservative recognition. The same Russian Central Bank, which said on Tuesday that sanctions against the central bank meant it could not intervene to prevent the ruble from falling.
The Russian Central Bank governor has confirmed that $1 billion has been injected to calm the ruble so far.
The Institute of International Finance estimates that about 40% to 50% of Russia's reserves, which were officially estimated at $640 billion in mid-February, are now under sanctions, meaning out of reach. /p>
