>The monetary authority also ordered companies to sell 80% of their foreign currency revenues, increased the range of securities that can be used as collateral to get loans and temporarily banned Russian brokers from selling securities held by foreigners. It did not specify which securities the ban applies to.
Forcing companies and foreigners to bare the brunt of Putin’s stupidity will help in the very short term, but it could bankrupt them or leave them short on capital for years.
The Russian stock market is also closed for trading.
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>The monetary authority also ordered companies to sell 80% of their foreign currency revenues, increased the range of securities that can be used as collateral to get loans and temporarily banned Russian brokers from selling securities held by foreigners. It did not specify which securities the ban applies to.
Forcing companies and foreigners to bare the brunt of Putin’s stupidity will help in the very short term, but it could bankrupt them or leave them short on capital for years.
The Russian stock market is also closed for trading.