13 Jun 2024 13:00

Withdrawal of dollars and euros from Finam brokerage accounts temporarily unavailable

MOSCOW. June 13 (Interfax) - US dollars, euros and Hong Kong dollars are temporarily displayed as "blocked" on brokerage accounts belonging to Finam clients; input and output are not yet available, the company's press service told Interfax.

"We will need some time to receive data from the exchange on the volume of blocked funds, make internal calculations and take the necessary actions so that investors have the opportunity to manage their funds," the company's press service said.

OFAC (Office of Foreign Assets Control, the division of the US Treasury Department responsible for sanctions enforcement) on Wednesday added the Moscow Exchange and its members, the National Clearing Center (NCC) and the National Settlement Depository (NSD), to its sanctions list.

Shortly after the announcement of the sanctions, the Moscow Exchange announced that it would not conduct trading in the dollar and euro as of June 13. Meanwhile, the Bank of Russia stated that transactions with these currencies would continue to be made on the over-the-counter market, and to determine the official exchange rates of the dollar and euro to the ruble, bank reports and information received from digital platforms of over-the-counter trading will be used. The Central Bank announced its decision to suspend trading in the Hong Kong dollar on Thursday.