Moscow Stock Exchange will open the exchange for non-residents from friendly countries on September 12

MOSCOW, September 12 – RIA Novosti. The trading platform said that from September 12, the Moscow Stock Exchange will allow transactions in securities to non-resident customers from countries that are not on the list of friendly countries, as well as non-residents controlling Russian legal entities or individuals.

In addition, repo/repo transactions in stocks and bills will be allowed with CCP to such customers.

With the start of the special operation in Ukraine, the Central Bank took measures to limit the sale of Russian securities, in particular to prohibit transactions on behalf of non-residents. In March, a list of hostile countries was compiled, which included the states of the European Union, as well as the United States, Ukraine, Japan and a number of other Western countries.

Since mid-August, such clients have been allowed to trade on the bond market. In addition, non-resident customers associated with non-hostile countries but under the control of Russian legal entities or individuals were allowed to trade in shares other than strategic and a number of other enterprises’ securities.

The West has stepped up sanctions against Russia, which has caused rises in electricity, fuel and food prices in Europe and the US due to a special operation in Ukraine. Moscow has repeatedly stated that unprecedented sanctions have not undermined its financial stability. According to Vladimir Putin, Europe has entered a sanctions stalemate.