The return of the Russian currency to achieve some gains

The return of the Russian currency to achieve some gains

 Today, Friday, the Russian currency compensated for a large part of the losses it suffered yesterday, as the ruble fell against the dollar and the euro after Washington imposed a package of sanctions on Moscow.

By 10:24 Moscow time, the dollar’s ​​exchange rate had fallen by 83 kopecks (one ruble = 100 kopeks) to 75.48 rubles, while the euro’s exchange rate fell by 1.06 rubles to 90.29 rubles.

The rise of the Russian currency coincided with the rise in oil prices in global markets, thanks to strong data from China, and black gold prices recorded their highest level in about 4 weeks.

In the stock market, the MICEX dollar-denominated stock index rose 0.18% to 3574 points, while the RTS dollar-denominated stock index rose 1.13% to 1491 points.

Yesterday, Washington announced the imposition of sanctions against 32 Russian entities and personalities, and against Russian sovereign bonds, due to allegations about Russian interference in the last US presidential elections.

As part of the sanctions, the United States prohibited its companies from directly purchasing Russian debt securities issued by the Russian Central Bank, the National Wealth Fund, or the Russian Finance Ministry.