Raging for Day 5 The war in Ukrainewith the Russian ruble today loses almost 30% of its exchange rate against the US dollar after the imposition of even harsher sanctions by Western states against Moscow due to the invasion of Ukraine.
The ruble it was almost falling 27%, at 114.33: 1 against the US dollar, in the first transactions in the international financial markets, broadcast the Bloomberg news agency, according to AMPE.
The price of oil soared
At the same time the price of its barrel crude oil West Texas Intermediate (WTI) noted surge, exceeding 5%, in the early morning trading in Asia today, as markets appear to be increasingly concerned about the possibility of an energy crisis following new Western sanctions imposed on Russia over its invasion of Ukraine.
The price of the barrel increased by 5.07% to $ 96.23, while that of the Brent barrel increased by 4.30% to $ 102.14.
Source: News Beast
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