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Moscow Exchange Eyes Plans to Open Up to Non-Residents

RUSSIA
  • In a further sign of an opening-up of financial markets, Interfax reports that the Moscow Exchange may allow non-residents to begin OTC trading in Russia. The piece adds that non-residents from the list of so-called ‘unfriendly’ territories may initially only have access via negotiated transactions, rather than firect access to bond and derivatives markets. The piece adds that the next stage will include access to equity trading.
  • China has sharply increased its purchases of gold in Russia, RBC reports. In July, the country imported $109 million worth of Russian gold, 8.6 times more than in June, according to Chinese data as Russia continues to face Western sanctions.
  • Later today, the Bank of Russia reports weekly changes in its monetary base. There are no other major data releases scheduled.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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