13 Jun 2024 15:00

UK joins U.S. sanctions against Moscow Exchange, National Settlement Depository, National Clearing Center

MOSCOW. June 13 (Interfax) - The United Kingdom has added the Moscow Exchange, the National Clearing Center (NCC) and the National Settlement Depository (NSD) to the sanctions list, the Office of Financial Sanctions Implementation (OFSI), the UK regulator in charge of enforcing sanctions, said in a statement.

Moscow Exchange CEO Yury Denisov has also been sanctioned.

The UK has also included SPB Exchange in the sanctions list.

The Office of Foreign Assets Control (OFAC), a division of the U.S. Department of the Treasury in charge of sanctions enforcement, added the Moscow Exchange and its group members NCC and NSD to the sanctions list on Wednesday.

Shortly after this, the Moscow Exchange announced that it would not trade in dollars and euros from June 13. Trading in euros was halted because the European Union countries are also complying with U.S. sanctions, the Central Bank of Russia (CBR) said. Transactions with these currencies will continue to be carried out on the OTC market, and bank reports and information from digital platforms of OTC trading will be used to determine the official rates of the dollar and euro to the ruble, the CBR said. On Thursday, the CBR said it had decided to suspend trading in the Hong Kong dollar to lower risks, as well.