A Russian state flag flies over the Central Financial institution headquarters in Moscow, Russia March 29, 2021. An indication reads:
Russia’s central financial institution has ordered skilled inventory market contributors to droop the execution of all orders by international authorized entities and people to promote Russian securities from Monday morning, an inside doc confirmed.
The doc was printed by ACI Russia, the nationwide organisation of Russian monetary market specialists.
The financial institution’s media relations division didn’t reply to a Reuters request to verify the authenticity of the doc.
Two monetary market sources confirmed to Reuters that the doc had been despatched to brokers by the central financial institution.
It mentioned the measures have been being taken by the regulator “in reference to the present disaster within the monetary market and to be able to make sure the safety of the rights and bonafide pursuits of buyers in monetary markets”.
The central financial institution order is legitimate from 7:00 a.m. on Feb. 28 till the “cancellation of this order”.
The doc doesn’t specify whether or not it applies to authorities securities. The order doesn’t apply to purposes submitted earlier than 7 a.m. Monday.
The doc was signed by central financial institution deputy chairman Philip Gabunia.