New US sanctions 'generated a significant mess,' economist says

Washington imposed new sanctions on the Moscow Exchange and its clearing agent, the National Clearing Centre (NCC), on Wednesday, leading to an immediate trading halt in dollars and euros on Russia's largest bourse. Yevgeny Nadorshin, chief economist at PF Capital, said that the sanctions "generated a significant mess on the local market", adding that it could last for a few weeks before the situation stabilizes.