The dollar was trading at 82 rubles at 07:40 GMT on the Moscow Stock Exchange. The ruble recorded its lowest level in April last year, two months after the start of the Russian invasion of Ukraine.
On Friday, the exchange rate of the Russian ruble against the US dollar fell to its lowest level in a year, reaching 81 rubles on the Moscow Stock Exchange at the end of the day. Western countries imposed a series of sanctions on Russia because of the conflict in Ukraine more than a year ago.
Russian President Vladimir Putin, who has been repeating for a year that international sanctions are useless, warned last week of the “negative” consequences of sanctions “in the medium term”.
The dollar was trading at 82 rubles at 07:40 GMT on the Moscow Stock Exchange. The ruble recorded its lowest level in April last year, two months after the start of the Russian invasion of Ukraine.
On Wednesday, Russian Finance Minister Anton Silanov linked the price and foreign exchange flows to and from Russia. In an interview with state television, he said, “These changes are linked to an increase in imports or a reduction in export procedures,” noting that fluctuations have been recorded in recent months. The minister emphasized that the exchange rate “is in line with market principles.”
In response to a question about whether the Russians should be concerned, Silanov stressed that his country can count on the revenues of energy resources that continue to be sold on the global market, and added: “This is an indication that the country will receive more currencies for the country, which means that the exchange rate The ruble will go up.
