The Moscow Exchange has stopped trading for the second day due to technical problems. Against the backdrop of sanctions and the cessation of supplies from key Western manufacturers, foreign IT equipment in Russian companies began to fail en masse. The Moscow Times writes about this.
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It is noted that the Moscow Exchange, where the ruble exchange rate, the market capitalization of the largest companies and prices of government securities of the Russian Federation, on February 14, faced technical problems for the second day.
At 10:36, the trading platform stopped trading on the stock market. The press service explained that the cause of the failure was “an error in the main server of the trading and clearing system.” It took almost an hour to eliminate it.
A day earlier, the exchange also stopped trading for almost two hours. The pause was also explained by a “main server error.” To resume operations, Moscow Exchange used a reserve system. It failed the next day.
As the publication notes, Moscow Exchange is not the only company facing problems with servers and data storage systems: they are failing en masse among Russian companies. This is evidenced by the explosive growth in demand for IT equipment repair, which jumped by 400% last year.
According to experts, the reason is sanctions and supply problems. There are simply no new components on the Russian market or they are sold at an inflated price, and delivery takes too long.
