Moscow stock exchange stops trading in dollars and euros

The sanctions come as G7 leaders are preparing to gather soon in Italy for a summit where the top priorities will be boosting support for Ukraine and grinding down Russia’s war machine.

The Moscow stock exchange announced on Wednesday that it will stop trading dollars and euros from Thursday, June 13. 

The announcement came on the same day the United States introduced a new package of sanctions against Russia. 

Wednesday's package targeted Russia's financial infrastructure in an attempt to limit the amount of money flowing in and out of Russia.