The Russian ruble fell to $ 75 against the dollar, losing all gains amid growing geopolitical concerns about Moscow’s rivalry with the West.
The ruble fell sharply after Russian Deputy Foreign Minister Sergei Ryabkov said Washington’s rejection of Moscow’s key demands for security was leading the talks to a stalemate.
Russia has said its talks with the West have so far failed to bridge fundamental differences over the Ukraine crisis and Moscow’s demands for NATO withdrawal from Central and Eastern Europe.
The ruble was at 75.07 against the dollar, and was further away from the intra-conference high of 74.4625 rubles against the dollar. Against the euro, it stands at 86.02.
The Russian currency retains its main support from high world commodity prices and domestic central bank increases.
But it has been under pressure since October, as Western countries have expressed concerns about the accumulation of Russian troops near Ukraine. Moscow replies that it can move its army as it deems necessary within its territory.
On Wednesday, NATO said it was willing to talk to Russia about arms control and missile development to avert the risk of war in Europe, but Moscow said the situation was “very dangerous” and was moving forward. it was vague.
Russia’s finance ministry has stepped up pressure on the ruble as it boosted government foreign exchange markets for public funds next month.
.
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
