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When it’s not open, don’t fall! The Moscow Stock Exchange remains


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The Moscow Stock Exchange, which has been closed since February 28, after the first sanctions against Russia came into force as a result of the war in Ukraine, will remain closed for the next week, according to a Saturday announcement by the National Bank of Russia. 24.

The international community has imposed a wave of strong economic sanctions after Russia invaded Ukraine on February 24 and Russia’s economy collapsed.

According to the site monitoring site Castellum.ai, 2,754 sanctions were already in place against Russia before February 22. Another 2,778 sanctions were imposed in the days following the invasion, bringing the total to 5,532 – exceeding Iran’s 3,616 sanctions. Russia has overtaken Iran and Syria and become the country subject to most international sanctions.

Russia’s economy will shrink by at least 15% this year, according to an assessment by the Institute of International Finance (IIF).

Prior to the Russian invasion of Ukraine and the imposition of international sanctions, the IIF had predicted a 3% increase in the Russian economy in 2022, but now “the drastic and unprecedented deterioration of financial conditions shows that a deep recession is coming.”

Experts have warned that the downturn in Russia’s economy could be even tougher if widespread Western boycotts of Russia’s energy imports follow.

Such a move would “drastically affect Russia’s ability to import more goods and services, which would further deepen the recession,” IIF experts say.