President of Ukraine Volodymyr Zelenskyy signed the decision of the National Security and Defense Council to impose sanctions on the management of the major russian banks. This decision also updated the sanctions against PJSC moscow exchange MICEX-RTS.

The proposals for the respective restrictions were previously reviewed and recommended for submission to the NSDC by the Interagency Working Group on the Implementation of the State Sanctions Policy chaired by the First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko. 

"In coordination with our Western partners, we are stepping up pressure on the banking system of the aggressor state. The proposed sanctions reflect the restrictions previously imposed by the United States and the United Kingdom, among others. Sanctions against bank executives working for the russian military-industrial complex, servicing the occupation forces, etc. It is also important to update sanctions against the moscow stock exchange. From now on, in accordance with the current amendments to the law "On Sanctions," the blocking of MICEX-RTS assets applies to assets that the exchange manages indirectly," said Yuliia Svyrydenko. 

Background 

moscow stock exchange is a de facto monopolist in the russian market for capital market services and products. Among the owners of the moscow exchange are the central bank of the russian federation (11.7%), sberbank of russia (10%), and state corporation veb.rf (8.4%). According to its consolidated annual report, in 2021, moscow exchange paid 6,884.2 million rubles of income tax to the state budget of the russian federation and invested about 110 billion rubles in bonds of the russian federation.