Courts and disputes

The Central Bank supported the Moscow Exchange in a dispute with market participants about its actions in a situation where WTI's North American oil futures went down in late April. At first, the Exchange did not accept orders below $8.84, and the next day it decided not to trade. Then the price of WTI futures on the New York Mercantile Exchange reached minus $37.63 per barrel - at this price the Moscow Stock Exchange made a calculation. Players could not close their positions, and their losses amounted to ₽0.7-₽1 billion. The Bank of Russia, which owns 11.8% of the stock exchange, did not see any violations in all decisions of the exchange, which were complained about by market participants.