EconomicGlobal RiskNews Briefs

Moscow stock market reopens for some bond trading

After almost a month-long suspension because of the war in Ukraine, the Moscow stock exchange has partially reopened. Only bonds issued by the Russian government can be traded in the re-opening of the market, which will open in phases. The stock market had closed hours after thousands of Russian troops were sent into Ukraine on February 24. 

A spokesman for the Moscow Exchange, Andrei Braginsky, said he hoped trading in stocks could begin again soon. The exchange opened at 10:00 GMT but only for Federal Loan Obligations. The yield on these government bonds rose by almost 20% in pre-market trading and settled around 13% after trading started. The invasion of Ukraine and the sanctions imposed by western governments are taking a toll on the Russian economy. There have been concerns about Russia defaulting on its debt due to the sanctions and the ongoing invasion.

Read more: Moscow stock market reopens for some bond trading

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.