Ruble fell sharply due to impending sanctions

05.03.2021

New sanctions against Russia being prepared by Great Britain and the United States have collapsed the ruble during evening and night trading on the Forex market. By the morning of March 5, the Russian currency had partially regained its fall, according to trading data.

At the time of publication, the dollar was traded on the Moscow Exchange at 74.3 rubles. Decrease, compared with the level of the previous session, were closing amounted to 0.34 rubles, or 0.4 percent. The price of the euro at the time of publication was 88.9 rubles. The decrease amounted to 0.52 rubles, or 0.5 percent.

Meanwhile, in the evening and night trading on the OTC Forex market, the Russian national currency weakened against the dollar – from 73.9 to 74.9 rubles per dollar.