The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has issued a license to wind down operations with sanctions-hit Moscow Exchange (MOEX: MOEX), National Settlement Depository (NRD), and National Clearing Center (NCC) until August 13, 2024. Sanctions were imposed on June 12.
Until November 1, 2024, according to the second OFAC license, the U.S. Treasury Department authorized transactions related to energy with NCC. This includes deals related to the extraction, processing, transportation, and buying of oil and oil products, natural gas, and other energy resources, including coal and timber.
Moscow Exchange reported that due to U.S. sanctions, trading in dollars and euros will not take place from June 13. Later, the Central Bank clarified that transactions in euros and dollars will continue off-exchange, through banks. Trading with the Hong Kong dollar is also suspended on the trading platform. The start time of trading sessions on the currency and futures markets of the Moscow Exchange has been moved per the regulator’s decision.