National Securities and Stock Market Commission urges world regulators to disable Russia's ability to trade on stock exchanges

16:28, 04.03.2022 1 min read

The National Securities and Stock Market Commission of Ukraine has called on all global regulators of the securities market, capital markets, all stock, commodity and energy exchanges, clearing houses and trading platforms to impose sanctions against Russia.

"We are asking to exclude the possibility of carrying out exchange trading and clearing services for companies from Russia or affiliated with it," Head of the commission Ruslan Magomedov said in a letter to global regulators.

He said that by operating on foreign exchange markets, the aggressor receives a powerful financial reserve to continue the war in Ukraine.