This comes at a time when the war between Moscow and Kiev is witnessing a major escalation, as Russia launched a medium-range ballistic missile at Ukraine.
And it was traded Russian currency which has been witnessing significant fluctuations for three years, is officially at 102.58 rubles against the dollar, according to the rate set by Central Bank of RussiaThis is higher than the symbolic threshold of 100, under the influence of new American sanctions that specifically target “Gazprombank“The financial arm of the giant Russian gas company”Gazprom“.
One euro was exchanged for 107.43 rubles on Friday.
Russian President Vladimir Putin warned Westerners that… Russia “It is prepared for all scenarios” in a conflict that has acquired a “global dimension.”
A few hours later, the US government announced the imposition of a package of sanctions on about fifty Russian banking institutions, including the financial arm of Gazprom, which it uses. Moscow Especially in energy payments to foreign customers.
The sanctions also targeted more than fifty small or medium-sized banking institutions suspected of being used by Moscow to pass payments for the purchase of equipment and technology.
Russian banks subject to US sanctions cannot conduct transactions that have any connection to the US financial system.
In the first quarter of 2022, that is, in the first weeks of the start of the war in UkraineThe ruble fell to 120 against the dollar on March 11, 2022, with Western countries imposing a barrage of sanctions on Russia in an attempt to influence its economy.
Since then, Moscow has done everything in its power to strengthen its economy, especially by investing huge sums in military orders and redirecting its fuel exports as much as possible towards the Asian market.
At the beginning of 2022, before the war, the dollar was worth between 75 and 80 rubles.
