Russia’s central bank said on Wednesday that some stock market trading would resume on Thursday after a nearly one-month hiatus, with 33 bonds being traded on the Moscow Stock Exchange for a limited time and with a ban on short selling.
Blue-chip trading, including state-owned banks Sberbank and VTB and energy companies Rosneft and Gazprom, will take place between 3:50 a.m. and 8 a.m. ET, the central bank said.
The last time Russian stocks were traded on the Moscow Stock Exchange was on February 25. The central bank then put the brakes on negotiations as Western sanctions over events in Ukraine caused turmoil in markets.
Trading in government OFZ bonds resumed on Monday (21). The return of equities took longer as the central bank looked for ways to release the backlog of transactions while preventing the market from collapsing.
The central bank said the trading regime for the following days would be announced at a later date.
Source: CNN Brasil
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