Ka-52 helicopter to be armed with new defense systemMilitary & Defense August 22, 12:00
Rostov-on-Don inferno claims life of one victimSociety & Culture August 22, 11:41
Stage director Kirill Serebrennikov detained on suspicion of masterminding fraudSociety & Culture August 22, 11:28
Astana talks on Syria can be held in mid-SeptemberWorld August 22, 9:05
Fifty-eight injured and nine taken to hospital after Rostov-on-Don fireSociety & Culture August 22, 8:25
North Korean leader secretly visited border area — mediaWorld August 22, 8:13
US visa changes to affect mainly Russian independent travelers, says authorityBusiness & Economy August 21, 21:07
CAS upholds life ban for ex-president of Russian athleticsSport August 21, 20:03
Police confirms man shot dead in Subirats was Barcelona attack perpetratorWorld August 21, 19:50
MOSCOW, October 3. /TASS/. The Russian ruble hit a new historical low of 39.84 against the US dollar under the pressure from falling oil prices, the backbone of the country’s economy, and rumors of new possible sanctions from the EU, analysts said on Friday.
The central bank said in the morning it had sold about $4 million on Wednesday.
The ruble remains in the high-risk zone, senior analyst at Nord-Capital Sergei Alin said. “Oil prices also look uncertain. And in addition to that - the tax payment period is still two weeks away. There have been no supporting factors for now, and the weakening can continue,” he added.
“The oil prices, which have confidently settled below $95 per barrel of Brent oil, are remaining the main risk for the Russian currency. The possibility of new sanctions against Russia in case tensions in Ukraine rise also does not play in hands of the ruble buyers,” Ivan Kopeikin from BCS Express said.
He said that even central bank interventions do not support the ruble strongly.
“Although correction is suggesting itself, there have been no strong drivers for it yet except the central bank interventions,” Kopeikin said.