Due to the sharp decline in rubles, the Central Bank of the Russian Federation suspended the purchase of foreign currency foreign.
Today, the dollar exchange rate on the Moscow Stock Exchange exceeded 79 rubles for the first time since November 2020, and the euro exchange rate exceeded 89 rubles, which was the maximum since July of last year.
And according to the Intercontinental Exchange, the price of Brent oil during the day fell to $87.9 per barrel.
Due to the sharp decline of the ruble, the Central Bank of the Russian Federation suspended the purchase of foreign currencies.
In addition, the stock exchange index of Moscow fell 4.7%, causing the shares of major Russian companies to decline in value.
At the same time, the Moscow Stock Exchange index fell by 7% to 3158.46 points during the day, and the RTS index fell by 10% to 1260.55 points, which is became a minimum as of November 23, 2020.
In particular, Sberbank shares fell by 7%, and Gazprom – by 9%, while VK shares fell by 11%. Shares of retailer Lenta fell the most, losing almost 14%.
The main reason for the fall of the Moscow Stock Exchange, according to experts, is geopolitical changes, as well as the worsening relations between Russia and the United States.
K this includes the evacuation of American diplomats and their families from Ukraine.
The reason for the evacuation was “the threat of military action by Russia”. Following this, NATO announced an increase in its presence in Eastern Europe.
Earlier, Topnews wrote that the Russian stock market had registered a record drop since the beginning of the pandemic.