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Russian stock market to resume trading of 33 companies
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After a nearly month-long suspension, the Moscow Stock Exchange is slated to resume trading of 33 companies in the benchmark MOEX Index on Thursday from 9:50 a.m. to 2 p.m. local time. In the U.S. that is 2:50 a.m. ET to 7 a.m.
Some of the biggest Russian companies that will trade include the Credit Bank of Moscow, Gazprom PSJC, Lukoil PSJC, Novatek PAO, Sberbank PSJC and VTB Bank. The Bank of Russia emphasized that there would be a ban on short-selling of the 33 stocks.
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Under a policy announced on Feb. 28, Russian brokerages are temporarily banned from selling the securities of foreign clients. Foreign investors owned approximately $86 billion of Russian stocks at the end of 2021, according to data from the Moscow Exchange.