Reuters: Russian Central Bank Orders Block on Foreign Clients' Bids to Sell Russian securities

[uponit7771]

Reuters: Russian Central Bank Orders Block on Foreign Clients' Bids to Sell Russian securities

If RCB stops sells on all Russian stocks that'll be like stabbing themselves in the heart UNTIL Putler leaves.

This is the HEIGTH of desperation !!

https://archive.fo/jpCIk

MOSCOW, Feb 28 (Reuters) - The Russian central bank has ordered market players to reject foreign clients' bids to sell Russian securities from 0400 GMT on Monday, according to a central bank document seen by Reuters.

The bank did not reply to a Reuters request for comment.

[Best_man23]

1. How much ya wanna wager these Russian banks don't open their doors tomorrow?

A large Cafe Mocha, perhaps?

[uponit7771]

2. +1

[RockRaven]

3. Is the idea that this will decrease the number of sellers, and thereby decrease the losses

amongst Russian sellers, or decrease the crash? Or is it just punitive to foreigners who own Russian securities, ensuring that they have to hold those assets during the crash and so cannot get out until all the damage is done?

[uponit7771]

4. 1st one