The Impact of U.S. Sanctions on Russia’s Financial Markets and Global Energy Prices

The Impact of U.S. Sanctions on Russia’s Financial Markets and Global Energy Prices
The global financial and energy markets are witnessing significant turbulence as geopolitical tensions continue to escalate. On June 12th, the Bank of Russia announced the suspension of trading sessions involving the U.S. dollar, euro, and other Western currencies on the Moscow Stock Exchange. This decision comes in response to the latest round of U.S. sanctions, which now include the Moscow Exchange and Russia’s central securities depository. In this analysis, I examine the ramifications of these sanctions on Russia’s financial markets and the broader implications for global energy prices, particularly in Europe.

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