The Moscow Exchange opened forex and money market trading at 10:00 Moscow time on Monday, three hours later than the usual opening time for the forex market, and suspended trading on the forex repo market, - according to the Central Bank of Russia (CBR).
The Bank of Russia is also introducing a temporary ban on brokers to sell securities from February 28, 2022.
"The decision to open or not to open trading will be announced by the Bank of Russia at 13:00 Moscow time. In case of a positive decision, the auction will open at 15:00 Moscow time", - the statement of the Bank of Russia reads.
The rouble plunged to an all-time low on Monday, and the dollar soared against nearly all peers after Western nations announced fresh sanctions to punish Russia for its invasion of Ukraine.
Some Russian banks are already cut off from Swift and the EU is freezing the CBR’s assets.
