INSUBCONTINENT EXCLUSIVE:
Updated to add the Central Bank's suspension of morning trading.The Moscow Exchange on Thursday suspended trading in dollars and euros
which acts as an intermediary in foreign exchange transactions at the Moscow Exchange, was also hit by United States sanctions.The United
States Treasury Department on Wednesday widened sanctions against Russia aimed at cutting the flow of money and goods to Moscow as it
continues to wage war on neighboring Ukraine
The sanctions targeted more than 300 entities, including those in Russia and countries like China, Turkey and the United Arab
13.Companies and individuals in Russia will still be able to buy and sell euros and dollars through lenders, and the Russian Central Bank
assured that all deposits in foreign currencies would not be impacted.While the United States sanctions against the Moscow Exchange will
secondarily, to the extent that they make the ruble more volatile, and therefore either increase the neutral ruble rate or the equilibrium
index fell by 3.5-4% at the start of trading on Thursday morning, while shares of the exchange itself dropped by 15%.
