European currency has fallen sharply

09.03.2021

During trading on the sites, the euro rate fell below 88 rubles for the first time since September 2, 2020. The dollar dropped below 74 rubles, according to trading data.

As of 14:05, the euro is trading at 87.96 rubles, while the dollar is at 73.9 rubles. The American currency returned to the level of the middle of last week.

The Russian currency is strengthening due to the situation on the oil market. Several oil facilities in Saudi Arabia were attacked by drones over the weekend. The Yemeni Ansar Allah (Houthis) movement took responsibility, but Saudi Arabia states that Iran was behind the attack.