May 26, 2022

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The Moscow Stock Exchange will start operating again

The Moscow Stock Exchange will start operating again

The last time the session was held on the Moscow Stock Exchange was on February 25. The head of the Russian Central Bank, Elvira Nabiullina, announced on Friday that the market for federal treasury bonds will start from the beginning of the week, and that the Bank of Russia will buy securities to stabilize it.

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We closed the stock exchange to avoid a sharp drop in stock prices. We are ready to gradually restore its operation. The government bond market will open on Monday – said Nabiullina after the central bank meeting in which it was decided to keep interest rates. at the level of 20 percent.

Nabiullina then announced that the central bank would buy Federal Reserve bonds in order to stabilize the market.

The announcement published today on the website of the Bank of Russia shows that the exchange will also resume trading on the stock market: starting from March 24, but not to the maximum. Trade will begin on only 33 companies included in the IMOEX Index.

It will be held from 9.50 am to 2:00 pm Moscow time. The MOEX index includes, inter alia, companies such as Gazprom, Rosneft, Novatek, Lukoil, Sberbank.

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