Nyse Nasdaq Halt Russian Stocks

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Nyse Nasdaq Halt Russian Stocks

NYSE NASDAQ Halt Russian Stocks

The Russian invasion of Ukraine has wreaked havoc on equities and other asset classes such as oil and gold.

According to persons familiar with the situation, the halts were caused by regulatory concerns as the exchanges sought further information following economic sanctions placed on Russia as a result of its invasion of Ukraine.

In response to strong new measures imposed by Washington in response to Ukraine's invasion, the New York Stock Exchange and the Nasdaq Stock Market banned trade of several Russian stocks listed in the United States this morning.

The OTC Markets Group, which offers pricing data for over 12,000 over-the-counter securities, said it was looking for regulatory information on Russia's sanctions and how they would affect the trading of Russian American depository receipts.

Several Russian-listed stocks were suspended from trading on the New York Stock Exchange and Nasdaq this morning. They were looking for regulatory information on the impact of the sanctions on the trading of Russian American depository receipts in the United States.

The Russian stock market in Moscow is closed, Russian exchange-traded funds domiciled in the United States are trading.

The Russian Stock halts are expected to be only temporary as the NYSE and Nasdaq's regulatory teams investigate the latest sanctions placed on Russia.

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