The ruble has stabilized near 79 against the dollar, as investors assimilate news of Western sanctions on Russia over the deployment of Russian troops in the breakaway regions of eastern Ukraine.
The ruble was almost unchanged at 78.81 against the dollar, and strengthened 0.3% to 89.21 against the euro.
Western sanctions have punished Russia with new sanctions and threatened to go further if Moscow launches a full-scale invasion of its neighbor, but the initial measures did not target large financial institutions, meaning their impact could be minimal.
The United States has expanded restrictions on Russian government debt by banning it from entering the secondary market for bonds issued after March 1, a move that analysts say may have a mild impact in the short term, but could be a step in the right direction. stricter measures.
Russia is celebrating the “Defender of the Fatherland” day today as an official holiday, but some transactions are open.
Source: Capital
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