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Author Topic: Moscow stock market reopens for some bond trading  (Read 149 times)

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Offline Hoodat

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Moscow stock market reopens for some bond trading
« on: March 21, 2022, 02:37:49 pm »
Moscow stock market reopens for some bond trading

Jennifer Meierhans, BBC business  |  1 hour ago

The Moscow stock exchange has partially reopened after a nearly month-long suspension over the war in Ukraine.

Only bonds issued by the Russian government can be traded as part of a phased re-opening of the market.

The exchange closed hours after Russian President Vladimir Putin sent thousands of troops into Ukraine on 24 February.

Andrei Braginsky, a spokesman for the Moscow Exchange, said he hoped that trading in stocks would be able to start again soon.

"Technically everything is ready, and we are hoping this will resume in the near future," he said.

The market reopened at 13:00 (10:00 GMT) but only for OFZ bonds - the Russian acronym for Federal Loan Obligations.  .  .  .

https://www.bbc.com/news/business-60821258


In other words, the Russian government needs cash.
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