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The Russian national currency is traded in a significant minus to the major currency pairs during morning trading on the Moscow Exchange.
Thus, the dollar exchange rate as of 7:07 Moscow time added 1.45% and reached 78.29 rubles. The last time the dollar exchange rate exceeded 78 rubles. January 28 this year, TASS reports.
The euro is also getting more expensive, showing by this time an increase of 11.25 kopecks to 87.65 rubles.
Moreover, the morning session on the Russian stock market started with a decrease in the Moscow Exchange index by 4.14%, then the fall accelerated to 5.11%.
Meanwhile, the price of Brent oil jumped above $96 per barrel for the first time since October 1, 2014 amid rising tensions around Ukraine, RIA Novosti notes.
Earlier, US President Joe held a telephone conversation with Russian leader Vladimir Putin and warned that if the Russian Federation invades Ukraine, it will suffer “quick and serious losses.”
For his part, NATO Deputy Secretary General Mircea Geoana said that he could not rule out the possibility of a war in Europe, and the North Atlantic Alliance had “absolutely all scenarios for the development of a crisis around Ukraine on the table.”
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
