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Tinkoff Investments to suspend trading of euro from February 27

Trading in foreign securities on weekends has been temporarily suspended

MOSCOW, February 26. /TASS/. Tinkoff Investments said on Sunday it is suspending trading of euro from February 27 due to the EU sanctions.

"Euro will be available for withdrawal. Trading of euro will be suspended from March 27, 2023. Euro has been excluded from liquid instruments," it wrote on its Telegram channel.

According to the bank, the EU sanctions have no impact on trading in dollars and other currencies. The entire set of options is available.

Apart from that, the bank pledged that securities will not be blocked. "The blocking in May 2022 was not caused by the sanctions against brokers," it added.

Trading in Russian securities on weekends proceeds routinely. Trading in foreign securities on weekends has been temporarily suspended.

According to Tinkoff, ruble strategies are proceeding routinely. Dollar strategies deals will be suspended until trading in foreign securities is resumed (from one to three weeks). "Commission fees on these strategies will not be levied," it added.

On Saturday, the European Union imposed sanctions on Russia’s Alfa-Bank, Rosbank, and Tinkoff. Their assets in the European Union will be frozen and deals with them will be banned.

Tinkoff said after that that the sanctions will have no serious impact on its business because it was prepared for possible sanctions. It said that its assets will be transferred to a new company, which is not covered by the sanctions, within three weeks.