The ruble reacted positively to reports of the start of talks between Russian and US presidents Vladimir Putin and Joe Biden, rising 0.69 percent against the dollar and 0.62 percent against the euro, data show. Mosbirzh…
Videoconferencing began at 18:08 Moscow time. Before the start of the meeting, at 17:30, the dollar was worth 74.45 rubles. Then the currency stopped growing, abruptly went down and by the time of writing the news is trading at the level of 74 rubles. At the moment, the dollar dropped to 73.87 rubles. Euro also began to fall in price before the meeting of the presidents – at 17:30 its price was 83.7 rubles, and now it has dropped to 83.18 rubles.
During the talks, the Russian and US leaders are expected to discuss a wide range of issues, including tensions with Ukraine, NATO’s advance towards Russia’s borders, and Putin’s security guarantee initiative.
On the evening of December 6, it became known about the preparation of a new package of sanctions against Russia by the American authorities. The list of possible restrictions included the disconnection of Russia from the SWIFT payment system and sanctions against the country’s sovereign debt. Against the background of these reports, the ruble exchange rate against the dollar and the euro fell by 0.62 percent and 0.63 percent, respectively.
Later, Bloomberg journalists said that, as sanctions, the United States would try to impose restrictions on the conversion of the ruble into other foreign currencies. Sberbank chairman of the board German Gref said that such a measure was impracticable, and information about the plans of the American authorities was “fiction and utter nonsense.” “It cannot be banned, it cannot be done,” Gref said.
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