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Russian stocks up as Friday trading opens

The yuan exchange rate was up by 1.65 kopecks at 11.969 rubles

MOSCOW, July 12. /TASS/. Russia’s stock market went up as Friday trading opened on Moscow Exchange while the yuan exchange rate strengthens against the ruble, according to trading data.

As of 10:15 a.m. Moscow time (07:15 a.m. GMT), the MOEX was up by 0.67% at 3,012.18 points, while the dollar-denominated RTS was up by 0.67% at 1,078.45 points. Meanwhile, the yuan exchange rate was up by 1.65 kopecks at 11.969 rubles.

As trading opened on the Moscow Exchange at 10:00 a.m. Moscow time (07:00 a.m. GMT), the MOEX Index rose by 0.42% to 3,004.64 points, the RTS Index added 0.42% to 1,075.75 points, while the yuan exchange rate rose by 1.8 kopecks compared with previous closing to 11.97 rubles.

On June 12, the US Treasury imposed sanctions against the Moscow Exchange and the National Clearing Center, part of the Moscow Exchange group. In this regard, the Moscow Exchange announced that from June 13 it would suspend trading in the dollar and euro. The Bank of Russia announced that citizens and companies could buy and sell dollars and euros despite sanctions. The regulator will use bank reports and information from over-the-counter trading to determine the dollar and euro exchange rates to the ruble.