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Russian Ruble Hits A Seven Year High Against The Euro

Reuters: Rouble hits 2015 level against euro as EU prepares to pay for gas 

(Reuters) -The Russian rouble rallied to its strongest levels against the euro and dollar since June 2015 and March 2018 respectively on Friday, which analysts attributed to EU countries preparing to pay Russia for gas and to capital controls imposed by Moscow. 

Russia said on Thursday that half of gas giant Gazprom's 54 clients have opened accounts at Gazprombank, as European companies approach imminent deadlines to pay for their gas supplies. 

Opening such accounts became possible after EU executives allowed member states to keep buying Russian gas without breaching the slew of sanctions they have collectively imposed on Russia over what Moscow calls its "special military operation" in Ukraine that started on Feb. 24.  

Read more ....  

WNU Editor: So much for President Biden's "ruble to rubble" narrative just a few weeks ago...

Russian Ruble Hits A Seven Year High Against The Euro  

Ruble Hits 7-Year High As Gas Buyers Bow To Putin's Payment Mandate -- Zero Hedge  

Russia Ruble (RUB USD) Price Quote Surges to 7-Year High -- Bloomberg  

As inflation slows and the ruble rallies, Russia is hoping to avoid a financial crisis -- CNBC  

Ruble smashes four-year high against US dollar -- RT



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