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Moscow Exchange Bans Some Short Sales in Possible Sign of Return

  • Ban on short selling includes Gazprom, Lukoil, Sberbank
  • Russian local stocks trading has been closed since Feb. 28

The Moscow Exchange banned short selling in some of Russia’s biggest companies, a move that may indicate officials are getting ready for the market to reopen. 

Investors won’t be allowed to bet on declines in about 30 Russian companies, including Gazprom PJSC, Lukoil PJSC, Sberbank PJSC, MMC Norilsk Nickel PJSC and Rosneft Oil Co., and some Eurobonds. The decision takes effect on Tuesday, the exchange said in a statement