The ruble plummeted to two-year lows

Рубль обвалился до двухлетних минимумов

The ruble continues to fall against the dollar and the Euro, reflecting the deterioration of the international situation around Russia after the expansion of the sanctions list by the US authorities.

The dollar and the Euro continued its growth on the Moscow stock exchange on Wednesday morning, April 11. As reported by Interfax, the dollar rose above the 64 rubles for the first time from 5 December 2016, the Euro at the moment has exceeded 80 rubles for the first time since March 10, 2016.

At the peak of growth in the first minutes of trading, the U.S. dollar reached 64,7675 rubles, which is by 1,745 of the ruble higher closing level of the previous trading session. While the Euro was worth 80,1475 rubles, rising almost 2.3 of the ruble. The cost of the currency basket ($0.55 and EUR0,45) rose by almost 2 rubles – to 71,69 of the ruble – is spoken in the message.

According to experts, the ruble continues to fall against the dollar and the Euro, reflecting the deterioration of the international situation around Russia after the expansion of the sanctions list by the US authorities.

Market participants also fear of aggravation of the situation around Syria, which could threaten the new anti-Russian sanctions affecting including debt securities, since the U.S. and its allies have accused Russia of aiding the regime of Bashar al-Assad, who, they claimed, are guilty of a new chemical attack in the area of the city Duma.

We will remind, on 9 April, the Russian stock market collapsed amid U.S. sanctions. There was a sharp depreciation of the ruble. Losses of the Russian oligarchs has reached $16 billion lost businessman Oleg Deripaska for $2 billion.

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