The Russian financial markets are experiencing significant turmoil following the announcement of new US sanctions. The Moscow Exchange has halted trading in USD and EUR starting June 13. The yuan's share in Russian FX trading reached a record 53.6% in May. Meanwhile, net FX sales by major Russian exporters rose 13% month-on-month to $14.9 billion. The sanctions have led to a sharp depreciation of the ruble, with exchange rates soaring to between 120 and 200 rubles per dollar. Several Russian banks, including Rosbank and Gazprombank, have raised their USD exchange rates significantly, and some have halted withdrawals and online transfers. The Moscow Exchange index fell by 3.5-4%, and shares of the exchange itself dropped by 15%. Sberbank and VTB shares also saw declines of 4% and 4.7%, respectively. The financial instability has caused panic among Russian citizens, leading to long lines at banks as people rush to withdraw their money.