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CME currency futures opened 3 hours ago.

• jacquesm 5y ago
  Aren't they breaking the embargo by trading in Ruble futures?
  • kasey_junk 5y ago
    There are no embargoes on currency futures in the US. So far as I know there aren’t any embargoes on delivering rubles as part of a futures cash settlement either. Getting those rubles may get difficult. But currency futures are dollar cash settled…
    • jacquesm 5y ago
      Thank you.
  • paxys 5y ago
    There is no embargo. At the moment, US has imposed sanctions directly on Putin and other top Russian leaders, and a small number of Russian banks have been cut off from Swift. You are free to buy and sell Russian currency and stock if you want.
    • throwaway_4ever 5y ago
      That was until Russia’s central bank started to halt sales of stock. They’ve sanctioned themselves! (Very bad for any future investment inflows) https://www.reuters.com/business/russian-cbank-orders-block-foreign-clients-bids-sell-russian-securities-document-2022-02-27/ https://www.reuters.com/business/russian-cbank-orders-block-...
  • CamelCaseName 5y ago
    My understanding is that futures are simply a contract between two parties. Ruble futures don't necessarily have to interact with Russia or any Russian individual.