The Moscow Exchange is on the brink of collapse as sanctions cripple Russia’s economy amidst the ongoing war in Ukraine. The U.S. recently announced sanctions targeting the Moscow Exchange, causing a sharp drop in stock prices and halting trading in US dollars and euros. This move, combined with existing economic pressures, threatens to sever Russia’s financial system from global markets, leading to a potential economic catastrophe for the Kremlin.
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The Moscow Exchange has been hit with a MASSIVE SHOCK as news of its collapse makes rounds around the globe. As of 2024, Russia continues to wage war against Ukraine, continuing to be bombarded by sanctions, handicapping its economy in all ways possible. Let’s look at what the stock exchange collapse means for the Mighty Kremlin, its weakening economy, and how Russia might attempt to recover from this economic catastrophe.
It was on 12th June 2024, that Washington announced its plans to sanction the Moscow Exchange, Russia’s main stock market and clearing house for foreign currency transactions. This marked a new pedestal of financial punishment for Russia, which at the moment battles against multiple economic issues aggravated by the war.
The US Treasury has said it was “targeting the architecture of Russia’s financial system, which has been reoriented to facilitate investment into its defense industry and acquisition of goods needed to further its aggression against Ukraine.”
Contact: economistgeo@
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