The Moscow Exchange introduced a ban on short selling in euros in the currency and stock market sections, the trading platform said in a statement.
It is clarified that the ban was established on March 4 by the decision of the non-bank credit organization National Clearing Center.
Exchange rates have risen sharply in recent days amid tough sanctions imposed by Western countries in response to the Russian military operation in Ukraine. The day before, the dollar exchange rate on the Moscow Exchange for the first time exceeded 114 rubles, and the euro exchange rate reached 124 rubles.
Since February 24, the first day of Russia’s military operation in Ukraine, there has been a temporary ban on short selling on the Russian financial market. The Central Bank explained this by the desire to protect the interests of investors in the face of excessive volatility in the markets.
Earlier, the regulator temporarily banned Russian brokers from selling securities on behalf of foreign clients, and the government announced a buyout of shares of national issuers in the amount of 1 trillion rubles.