Banks and Brokers from Serbia Can Trade in Russian FX Market

The Russian government has approved the list of countries whose banks are allowed to trade in the Russian FX market, in line with the order signed by the prime minister of Russia, Mikhail Mishustin.

Now banks and brokers from friendly and neutral countries are allowed to trade in the Russian FX market, as well as in the derivatives market. The right to trade has been given to 31 countries, including Serbia.

The list also features Azerbaijan, Armenia, Belarus, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Algeria, Bangladesh, Bahrain, Brazil, Venezuela, Vietnam, Egypt, India, Indonesia, Iran, Qatar, China, Cuba, Malaysia, Morocco, Mongolia, UAE, Oman, Pakistan, Saudi Arabia, Thailand, Turkey and South Africa, reports Kommersant.

The resolution was prepared for the implementation of the new stipulations of the law “On Organized Auctions”, adopted in July this year. Previously non-resident banks from the countries of the Eurasian Economic Union, as well as banks from Tajikistan, had access to the Russian FX market. A total of 21 non-resident banks operated in the Russian FX market.

Government of Serbia

Mikhail Mishustin

trading in Russian FX market

Law on Organized Auctions