Cbank to ban local Russian shares trading in foreign currencies

MOSCOW, Dec 17 (PRIME) – Trading in the shares of Russian companies in foreign currencies is unacceptable because it can hurt stability of the financial market and the ruble, the central bank said in a statement on Friday.

"In opinion of the Central Bank of Russia, the spread and scaling up of trade in the securities (shares) on the secondary market… in foreign currencies can have a serious negative impact on the stability of the Russian financial market and the national currency," the statement read.

The authority will change the regulations correspondingly, it said.

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