🚨 Moscow Stock Exchange Halts Trading in Dollars and Euros 🚨

In a significant move, the Moscow Exchange (MOEX) has stopped all trading in US dollars and euros. This decision follows a fresh wave of sanctions imposed by the US Treasury Department on Russia. MOEX has confirmed that share trading and money market transactions in these currencies will be permanently halted.

🔍 Background: The US Treasury has sanctioned over 300 entities, aiming to disrupt Russia’s financial infrastructure. These sanctions are part of a broader strategy to pressure the BRICS nation, which has been steadily moving towards de-dollarizing its economy. MOEX had previously warned that it would halt foreign currency trading if new sanctions were introduced, and today, they have followed through on that promise.

💡 Impact:Russia's Central Bank has assured that all US dollar and euro funds are “safe,” emphasizing that this decision is a direct result of the restrictive measures introduced by the US. US Treasury Secretary Janet Yellen stated that the sanctions target “remaining avenues for international materials and equipment,” including Russia’s reliance on critical supplies from third countries. More sanctions on other countries are expected to follow.

📢 Statement from the Central Bank of the Russian Federation:

“Due to the introduction of restrictive measures by the United States against the Moscow Exchange Group, exchange trading and settlements of deliverable instruments in U.S. dollars and euros are suspended.”

🔮 As Russia continues to navigate these economic challenges, the focus remains on building a resilient financial system. Stay tuned for more updates as this story unfolds. 🌐$BTC $ETH $BNB #BTCFOMCWatch #CPIAlert #TopCoinsJune2024 #ETHETFsApproved #FIT21