Moscow Exchange delays access for non-residents from ‘friendly’ countries

(Reuters) – The Moscow Change on Friday stated it will not be capable of meet a promise to permit entry to its inventory market subsequent week to shoppers from “pleasant” jurisdictions, these which haven’t deployed sanctions in opposition to Russia.

In July, the alternate stated non-residents from international locations that haven’t imposed sanctions could be permitted to commerce on its inventory and derivatives markets from Aug. 8.

However in an announcement issued late on Friday, the alternate stated it wanted extra time to organize for entry to the inventory market.

It cited a decree signed earlier within the day by President Vladimir Putin, which banned traders from so-called unfriendly international locations from promoting shares in key vitality initiatives and banks till the tip of the 12 months.

Non-resident traders from pleasant nations ought to be capable of commerce on the derivatives market from Aug. 8, it added.

(Reporting by David Ljunggren; Modifying by Sandra Maler)