Impact of Latest US Sanctions on Ruble Minimal — Russian Finance Ministry

The Russian Finance Ministry assesses the impact of the latest US sanctions on the exchange rate of the ruble as minimal, Finance Minister Anton Siluanov told reporters on the sidelines of the regular spring session of the IMF and the World Bank.

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“The money market was volatile in the first two days but our non-intervention in the market trading in coordination with the Central Bank of Russia leveled out those fluctuations,” he said. “We assess the impact of all these factors on the ruble as a minimal one.”

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The latest US sanctions, imposed on April 6, has led to a sharp decline of the ruble rate. Last week, the ruble fell below 80 rubles per euro and 65 per $1. Later, however, the ruble bounced back, trading at 61.73 rubles per $1 and 75.55 per euro as of 13:30 on April 20.

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