Russia Halts Dollar and Euro Trading on Main Exchange After New US Sanctions

Sanctions target Moscow Exchange and key financial institutions, pushing Russia to rely more on Chinese yuan.

Moscow Exchange suspends trading in dollars and euros, shifting transactions to over-the-counter markets.
Russia's central bank reassures that dollar and euro deposits remain safe despite trading halt.
Chinese yuan becomes the most traded currency on the Moscow Exchange, surpassing the dollar.
Sanctions aim to cut financial support for Russia's war in Ukraine, impacting trade and investment flows.
Experts predict increased costs and volatility for Russian businesses and consumers.