Supermarkets in Moscow and across Russia have been rationing goods

Moscow Stock Exchange Partially Reopens amid Sanctions

The stock exchange in Moscow has partially reopened for the first time since 25 February - the day after the war began.

Trading of bonds and shares on Russia's financial markets was suspended after stocks plunged by 33%.

International sanctions are being felt in the wider economy, with some supermarkets rationing sales of basic goods such as salt and cooking oil.

The market reopened at 13:00 (10:00 GMT) only for some loan bonds issued by the Russian government.

In pre-market trading, yields on government bonds rose by almost 20% - the highest on record - before falling back a little. A higher yield means the government will have to pay more to borrow and indicates the investment is more risky.

Separately, the Russian rouble was this morning valued at 105 US dollars. It's down by about a quarter since the start of the invasion.

Swetha Ramachandran, investment manager at Gam investments, tells the BBC the impact of bond sales will be felt by local Russians following weeks of practically no overseas investment.

"The Central Bank is expected to step in quite aggressively to buy local federal bonds to support the ailing market and economy," she says.

(Source: BBC)