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US intends to ban dollar trading in Russia

The United States has prepared a new package of sanctions against Russia. The key structures of the Moscow Exchange — the National Settlement Depository (NSD) and the National Clearing Center (NCC) — will be blacklisted.

Blocking measures against the NCC will de facto lead to a halt in exchange trading in the dollar in Russia.

At the same time, the Bank of Russia said that trading in the dollar and the euro in the event of sanctions against the Moscow Exchange group or its members will continue, and it will also remain possible to set the official ruble exchange rate against these currencies, said Sergey Moiseev, adviser to the First Deputy Chairman of the Central Bank.

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Also on the list of American sanctions was the national payment system “Mir”, the Deposit Insurance Agency and Russian banks, which are threatened with a new wave of disconnections from SWIFT.

On the eve of The Wall Street Journal reported that the United States and the European Union are preparing new sanctions against Russia.

The administration of US President Joe Biden is preparing its own new series of economic sanctions, seeking to tighten the “financial cordon” around the Russian economy.

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