Russia "Stock Market Closes on 28th... Announcement on Tuesday Reopening"
[Asia Economy Reporter Park Sun-mi] The Central Bank of Russia announced on the 28th (local time) that it will close the stock market.
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According to MarketWatch on the 28th, the Central Bank of Russia stated that it will decide and announce whether to reopen the stock market on the following day, Tuesday (March 1). Following Russia's invasion of Ukraine, the United States and Europe have excluded Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) payment network, causing the value of the Russian ruble and the stock market to plummet. The Central Bank of Russia decided to raise the benchmark interest rate from 9.5% to 20%.
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