China The Winner In Putin-Biden Tussle? Moscow Exchange Halts Dollar, Euro Trade After US Sanctions

The Moscow Exchange (MOEX) suspended trading in dollars and euros on June 12 after the US announced a new raft of measures targeting Russia's financial institutions. MOEX, in a statement, said, "The suspension affects foreign currency, precious metals, trade, as well as stock on Russia’s largest public trading markets." This comes after the Biden administration sanctioned 300 additional individuals and entities in Russia and elsewhere, which it accuses of having links to Moscow’s “war economy.”