Share this article
Central Bank of Russia Braces for Turmoil With Nonresident Trading Ban
Nonresident holders of Russian equities won't be able to cash out, at least for now.
By Sam Reynolds
Updated May 11, 2023, 5:23 p.m. Published Feb 28, 2022, 7:42 a.m.
Nonresident holders of Russian equities won't be able to liquidate their holdings, the Central Bank of Russia announced on Monday, effectively banning foreign trading hours before the market is set to open.
- Nonresident traders will likely be looking to limit or eliminate their exposure to the sanctioned economy, but are going to find that impossible for the time being.
- The central bank delayed trading as it worked behind the scenes to assess the impact of the sanctions placed on the country. The currency markets opened Monday with the ruble dropping 40% against the dollar. A decision will soon be made on whether the equities market will open for the day.
- The European Union has committed to removing Russia from the SWIFT interbank messaging network, along with the U.S., U.K. and Canada. South Korea announced on Monday that it would also ban the export of certain strategic items to Russia, along with banning its banks from transacting with Russia via SWIFT.
- Over the weekend, the U.S., EU, U.K. and Canada added Russian President Vladimir Putin to their sanctions lists.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DOGE exits range as selling pressure builds at key levels
The $0.1310–$0.1315 zone is now a resistance area, with further downside likely if volume remains high on declines.
What to know:
- Dogecoin fell 5% after the Federal Reserve's rate cut, as traders reacted to cautious guidance and internal disagreements on future easing.
- The memecoin broke below the $0.1310 support level, confirming a bearish shift with increased trading volume.
- The $0.1310–$0.1315 zone is now a resistance area, with further downside likely if volume remains high on declines.
Top Stories
