Moscow Stock Exchange Fights Back Against US and UK Sanctions

The Moscow Stock Exchange is devising legal strategies to counter sanctions imposed by the US and UK, which halted trading in dollars and euros. The Investors' Rights Protection Club of MOEX is actively involved in this legal defense. The sanctions have adversely affected foreign asset trading.

The Moscow Stock Exchange is formulating legal strategies to counteract sanctions imposed by the United States and Britain, which resulted in a halt in dollar and euro trading and a freeze on traded foreign assets, according to its lobby group.

The Investors' Rights Protection Club, established by the Moscow Exchange (MOEX), revealed that lawyers have been briefing members on potential "legal defense strategies" to challenge the sanctions imposed on the MOEX group.

The US and UK levied sanctions on MOEX on June 12-13, 2024, while the European Union sanctioned MOEX's depository NRD in March 2022, freezing MOEX-traded European assets. Despite these challenges, MOEX has continued to provide diverse investment opportunities, aiming to move beyond Russia's energy-focused market.

(With inputs from agencies.)