Russia once had ambitions of making Moscow an international finance hub. Putin's war has crushed the dream.
Even after the annexation of Crimea, Russia continued to push ahead with its financial ambitions: The Moscow Exchange that was set up in 2011 and trading today.
Today, Russia is all but an international pariah, with global financial institutions withdrawing from the market left, right, and center due to sanctions.— a prominent industry group — tore up a memorandum of understanding with Russia that supported Moscow's path to becoming an international financial center.has blocked and frozen more than $330 billion in assets belonging to sanctioned Russians and the country's central banks.
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