The Russian financial markets are experiencing significant turmoil following the announcement of new US sanctions. The Moscow Exchange has halted trading in USD and EUR starting June 13. The yuan's share in Russian FX trading reached a record 53.6% in May. Meanwhile, net FX sales by major Russian exporters rose 13% month-on-month to $14.9 billion. The sanctions have led to a sharp depreciation of the ruble, with exchange rates soaring to between 120 and 200 rubles per dollar. Several Russian banks, including Rosbank and Gazprombank, have raised their USD exchange rates significantly, and some have halted withdrawals and online transfers. The Moscow Exchange index fell by 3.5-4%, and shares of the exchange itself dropped by 15%. Sberbank and VTB shares also saw declines of 4% and 4.7%, respectively. The financial instability has caused panic among Russian citizens, leading to long lines at banks as people rush to withdraw their money.
🚨🇷🇺BREAKING: RUSSIAN RUBLE ON THE BRINK OF COLLAPSE?! Reports are circulating that Rosbank and Gazprombank’s websites are down and that the Moscow Exchange is preventing people from logging in after yesterday’s announcement of additional sanctions from the U.S. Rosbank is… https://t.co/vZzSOqCayD https://t.co/Sm94d7Eave
Russia: Financial Markets Infrastructure Professor at HSE National Research University in Moscow, Yevgeny Kogan anticipates multiple dollar exchange rates - central bank rate, interbank rate, and the real rate on the black market. Recommends stashing dollars under the mattress. https://t.co/xX6Y0lWBc4
The Moscow Exchange index fell by 3.5-4% at the start of trading on Thursday morning, while shares of the exchange itself dropped by 15%. https://t.co/8CA5vXTga7
Russia: Rosbank this morning. They'll buy your US dollar for 52.8 rubles. They'll sell you a US dollar for 132.4 rubles. Financial advisors in Russia are warning businesses to hold off on concluding any ruble-denominated deals for fear the currency could plummet any day now. https://t.co/o1ymuHAN8U
Russian media report that websites of several large Russian banks are not downloading or not allowing clients to log in. These include Rosbank, Gazprombank, and Moscow Stock exchange. https://t.co/2B1tInSPjS https://t.co/Qik83E2NXT
RUSSIAN STOCK MARKET IS COLLAPSING Russia is big; But the bigger they are - the harder they fall. Goodbye, Ruble! https://t.co/tdqSeYsasz
Russia: Panic is setting in - ruble collapse is anticipated. Several banks in Russia halted withdrawals and online transfers. MOEX brokers are blocking foreign currency withdrawals. MOEX halted trading of the Hong Kong dollar since it's pegged to the US dollar. Yesterday: https://t.co/Fge7Xx1SYJ https://t.co/r9wa8BMULe
Moscow Exchange shares collapsed by almost 16% after the imposition of US sanctions. Russia must be winning.
The Moscow Exchange ruble index fell below 3,100 points for the first time since June 3 after US sanctions, as follows from trading data. Moscow Exchange shares fall by 15.8%, Sberbank - by 4%, VTB - by 4.7%, - Kommersant. Food prices in Russia may rise from 10% to 30%. Market… https://t.co/Qik83E2NXT
-Moscow Stock Exchange down -15%. -Largest Russian banks have halted withdrawals. - Largest Russian banks and brokerages' websites are offline, client logins no longer work. How's your day going?
⚡️The Russian stock market opened with a drop in the RTS and Moscow Exchange indices by 3.9-4.1%. ⚡️Mosex Exchange shares are down more than 15% following the implementation of US sanctions against the platform, according to trading data. ❗️Shares of Sberbank have fallen by 4%,…
⚠️ SHARES IN MOSCOW EXCHANGE DIVE AROUND 15% LOWER AFTER NEW U.S. SANCTIONS
RUSSIA’S BENCHMARK STOCK INDEX OPENS 4.2% LOWER AFTER NEW US SANCTIONS ON MOSCOW EXCHANGE
BREAKING: Rosbank’s website is down. Customers can’t login. Multiple Russian banks are preventing clients from logging in because they don’t have liquidity to give clients their money, due to new US sanctions. Is this the start of a Russian bank run? https://t.co/swI1LUv7st
⚠️ INTERBANK RATE FOR ROUBLE ABOVE 90 PER DOLLAR IN PRE-MARKET TRADING, OVER 1% WEAKER THAN PREVIOUS OFFICIAL CLOSE
BREAKING: Exchange rate for the ruble drop from 90 per dollar to 120-200. The new US sanctions were announced after close of business in Russia yesterday so it’s first now that the effects will really come into play. Russians are lining up in front of banks to withdraw money https://t.co/1npG79cZu7
CHINA'S YUAN FIXING ESTIMATED AT 7.2410: SURVEY
Ru business news 12/June/2024: In Moscow Russian banks raised their USD exchange rates with the highest rates being at Tsifra Bank with 120 rubles per USD and Renaissance Bank with 125,52 rubles per USD. The rate yesterday was 89,1 rubles per USD. https://t.co/ftuxdE3ACH
Some Russian banks have raised the price of selling cash dollars and euros amid US sanctions against Moscow Exchange Norvik Bank had the highest markup on dollars in Moscow - RUB 200 per dollar at the official Central Bank rate of just over RUB 89. The most expensive cash… https://t.co/sf0svYVIRg
Following the announcement about new US sanctions against Russia, one of Russian banks has changed its exchange rate drastically. The bank will buy US dollars for 50 rubles/dollar and will sell them for 200 rubles per dollar. https://t.co/JstA2xZT3S https://t.co/esLdONhKDr
⚡️MOSCOW EXCHANGE HALTS TRADING IN USD, EUR FROM 13TH JUNE https://t.co/FB8JbaSd7z
⚠️ RUSSIAN C. BANK: **NET FX SALES OF MAJOR RUSSIAN EXPORTERS ROSE 13% M/M IN MAY TO $14.9 BLN ** YUAN SHARE IN RUSSIA'S FX MARKET STAYS AT RECORD 53.6% IN MAY
YUAN SHARE REACHES RECORD OF 53.6% IN RUSSIAN FX TRADING IN MAY
*YUAN SHARE REACHES RECORD OF 53.6% IN RUSSIAN FX TRADING IN MAY