Posted 7 марта 2022,, 08:18
Published 7 марта 2022,, 08:18
Modified 24 декабря 2022,, 22:38
Updated 24 декабря 2022,, 22:38
The ruble collapsed on record due to the expected embargo on Russian oil
7 марта 2022, 08:18
Фото: 1MI
The Russian ruble showed a record fall during the last trading session. The collapse of 10% rolled back the national currency to 136.5 rubles per US dollar. This is due to the news about the probable US imposition of a ban on the import of Russian oil.
"This is a move that could deal a devastating blow to the Russian economy, as rising oil prices just soften the blow of already existing sanctions", - said, in turn, market analyst at Sydney City Index Matt Simpson.
Before that, the oil market responded to the danger of the embargo by raising May Brent futures to a record $130 per barrel.
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