MILANO – After twenty-four days of rest there Moscow Stock Exchange partially resumes negotiations. The exchanges, announced the governor of the Central Bank Elvira Nabiullina, will only concern government bonds while the stop for shares will remain. “We have suspended trading on the Moscow Stock Exchange to avoid abrupt fluctuations in the value of the securities at a time of unprecedented change in the economic situation. We are now ready to gradually resume it,” he said. “Federal bond bond trading will open in the market. stock of the Moscow Stock Exchange tomorrow, “he said.
The central bank itself is ready to buy securities. “To avoid excessive volatility and to ensure a balanced liquidity position in this segment in the reopening phase, the Bank of Russia will purchase the federal government bonds. These purchases will be made in the quantities necessary to prevent risks to financial stability. Afterwards that the situation on the financial markets will have stabilized, we plan to sell the entire portfolio of these bonds to neutralize the impact of this operation on monetary policy, “he added.
Energy saves Russia from default: exports are worth 300 billion
by Tito Boeri and Roberto Perotti
The Moscow Stock Exchange has been closed since February 25, the day after Russian troops entered Ukraine. The Moex index collapsed on February 24 by 33%, nearly $ 190 billion evaporating in a single day. In recent days, the specter of default has also been stirred in Russia as the country had been called upon to honor the payment of interest for 117 million dollars, relating to two bonds denominated in foreign currency. A balance that was feared, as anticipated by the Russian government in the previous days, could be honored in rubles, that is, in a devalued currency and which instead was eventually made in dollars.
With the stop to Russian oil, an unprecedented earthquake for the market is coming
by Maurizio Ricci
