New US sanctions against Russia that forced the country’s main financial marketplace to immediately cease trading in dollars and euros have not caused any panic on the streets, despite fears of a weakening ruble. On June 12, the United States announced sanctions against the Moscow Exchange, Russia’s primary stock market and foreign currency clearinghouse, to hinder Russia’s ability to fund its invasion of Ukraine. As a result, banks will no longer be able to trade dollars and euros through a central exchange. Instead, banks must now engage in direct bank-to-bank agreements or trade in less liq…