The UK government, following the US, has imposed sanctions against Moscow Exchange, the National Clearing Center and the National Settlement Depository. This follows from the sanctions list published on the government portal.
The document notes that all three organizations were involved in benefiting the Russian government in strategically important areas of the economy. The sanctions imposed by the UK imply freezing of assets and restrictions on trust services.
Also under London’s sanctions are SPB Exchange (it is already under EU restrictions), Ingosstrakh, Volga-Dnepr air carrier, Tambov Powder Plant, NAMI automobile research institute and several dozen other legal entities, including sea carriers, chemical and machine-building enterprises, as well as companies from China and Kyrgyzstan.
In addition, personal restrictions were imposed on the head of Moscow Exchange Yuri Denisov, owner of S8 Capital Armen Sarkisyan, co-owner of Astra Group Denis Frolov, beneficiary of Insight Investment Group Avet Mirakyan, founder of Kismet Capital Group Ivan Tavrin, as well as former Chechen Minister of Agriculture and head of the Russian subsidiary of Danone Yakub Zakriev.
The day before, on June 12, the U.S. imposed sanctions against Moscow Excange, the National Clearing Center and the National Settlement Depository. After that, Mosbirzha announced the suspension of trading in dollars and euros from June 13. The Bank of Russia also suspended trading in the Hong Kong dollar, explaining that it was pegged to the U.S. dollar.
Also, the Central Bank announced that from June 13, it will set the official rates of the dollar and euro to the Russian ruble on the basis of credit institutions’ reports on the results of concluded interbank conversion transactions on the over-the-counter foreign exchange market and information from digital platforms of over-the-counter trading. All funds in dollars and euros in the accounts and deposits of citizens and companies remain safe, the Central Bank emphasized.
The Kremlin said after the US sanctions were imposed that the Bank of Russia is a “mega-regulator” that is “able to ensure stability in all markets”. According to Russian presidential spokesman Dmitrii Peskov, Moscow is now thinking about a response that will “best suit our interests”.
