The ruble collapsed on news of new "chemical" US sanctions

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The ruble collapsed on news of new "chemical" US sanctions
The ruble collapsed on news of new "chemical" US sanctions
21 June 2021, 16:20EconomyPhoto: Эксперт
The ruble exchange rate on the Moscow Exchange fell to its lowest value in the last two weeks. The reason was the reports of new sanctions from the United States in response to the poisoning of Navalny in Russia.

The US dollar against the ruble rose to a maximum since June 4, and the euro won back almost the entire fall of the past week.

“At 12.19 Moscow time, transactions with the settlement of 'tomorrow' are concluded at 73.0725 rubles per dollar (+22 kopecks) and 86.87 rubles per euro (+49 kopecks), although at the start of trading the rates rose to 73.3450 and 87.1250 the ruble, respectively", - reports finanz.ru.

According to experts, the reason for the weakening of the ruble was fears about the introduction of a new portion of "chemical" sanctions by the United States, associated with the poisoning of opposition politician Alexei Navalny and a number of other activists, as well as with the deterioration of the situation with respect for human rights in Russia.

On the eve of the imposition of sanctions, US National Security Advisor John Sullivan warned. According to him, “suitable targets” have not yet been identified, but the lists are planned to be prepared following the results of the summit in Geneva.

Personal US sanctions for some businessmen close to Putin have become very painful. Recently it became known that businessman Yevgeny Prigozhin asked the United States to lift the sanctions against him. So far, nothing is known about the reaction to his appeal.

Analysts believe that the situation with the ruble exchange rate will be aggravated by the opening of borders. After the resumption of flights with Turkey, the demand for dollars and euros will increase, and the outflow of currency from the country will increase. Meanwhile, the Russian market after the pandemic is rather weak.

For a short time, the Russian currency will be supported by enterprises that send goods for export: on June 25 and 28, they must make tax payments to the budget. Nevertheless, in the current situation, investors are very cautious about the future of the ruble.

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