Nasdaq’s stock exchanges in the United States and the Nordic countries will stop operating in Russia from April 29, RBC reported, citing a letter from the Danish Saxo Bank to customers.
Two Saxo Bank customers confirmed that they had received the letter to the publication. “All active Nasdaq data exchange subscriptions will be automatically canceled. New subscriptions will not be available from April 29, “the bank said in a statement.
This way, customers residing in Russia will not have access to current or upcoming Nasdaq market data in the US and Europe if their account does not have a position traded on these sites. For such positions, the client will receive pending offers until they close.
At the same time, such restrictions should not affect investments through Russian brokers.
Riots in Europe over Russian sanctions
The imposition of an embargo on Russian gas could lead to a decline in the standard of living of Europeans, which will provoke “riots everywhere,” wrote French political scientist and economist Alexander del Valle in an article in the journal Valeurs actuelles.
According to him, there is a danger that the EU’s intention to ban the supply of natural gas from Russia “will ruin Europe”. “Western sanctions related to the military operation in Ukraine will quickly become a nightmare for the people. “Once they can’t heat their homes and their purchasing power drops sharply, riots will break out everywhere,” del Valle suggested.
The economist believes that European countries will make a mistake if they deprive themselves of the safest and cheapest gas, as well as Russian exports and imports. “Food shortages will cause deep crises, reminiscent of the 2011 Arab revolutions, which began with rising wheat prices. “Food prices will rise sharply due to the global shortage of cereals, sunflower oil, and fertilizers,” the author concluded.
Del Vale also predicts that the complete cessation of Russian energy sources will lead to the collapse of the euro and an explosion in prices.
On February 24, Russia launched a military operation in Ukraine. In response, Western countries imposed large-scale sanctions against Moscow, which primarily affected the banking sector and the supply of high-tech products. Some brands have announced they will cease operations in the country.
The Kremlin called the measures an economic war like no other. The authorities emphasized their readiness for such developments and assured them that they would continue to fulfill their social obligations. The Bank of Russia is taking measures to stabilize the situation in the foreign exchange market. Authorities also announced the transfer of payments for gas supplies to enemy countries in rubles. In addition, the government has prepared a plan to counter the restrictive measures, which includes about a hundred initiatives. The amount of its funding will be about 1 trillion rubles.
At the same time, Europe has been facing rising fuel prices and food inflation, which has led to discontent among citizens of some EU countries.
