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Russian bond trading resumes for 1st time since Ukraine war


By The Associated Press

Russia’s central bank cautiously reopened bond trading on the Moscow exchange for the first time since the country invaded Ukraine. The price of Russia’s ruble-denominated government debt fell Monday, sending borrowing costs higher. Stock trading has remained closed, with no word on when it might reopen. The central bank bought bonds to support prices. The bank has imposed wide-ranging restrictions on financial transactions to try to stabilize markets and combat the severe fallout from Western sanctions that have sent the ruble sharply lower against the U.S. dollar and the euro.

Article Topic Follows: AP National Business

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Associated Press


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