Xinhua News Agency, Moscow, July 26 (Reporter Yellow River) Russia's Moscow Exchange issued an announcement on the 25th that it will suspend trading in the yen from August 8, and the restrictions apply to the related foreign exchange transactions of yen-ruble and dollar-yen. .
According to the announcement, the obligations involved in transactions that have previously been completed and will be completed by August 5, 2022, will be fulfilled as usual.
Analysts believe that Western sanctions and fluctuations in the yen exchange rate are important reasons for the suspension of yen trading on the Moscow Exchange.
Russian market analyst Yevgeny Shatov said a drop in trade between Russia and Japan due to sanctions may be one of the reasons for the suspension of yen trading on the Moscow Exchange.
Russian financial analyst Mikhail Belyaev believes that the United States may impose restrictions on Russia's settlement and transactions in Japanese yen, and the sharp fluctuations in the yen exchange rate will lead to losses for investors.
Since March this year, Japan has imposed a series of sanctions on Russia.
According to Russian media reports, Japan's import ban on Russian gold will take effect on August 1.