MOSCOW, August 2. /TASS/. The ruble continued to decline against the dollar and the Euro after reports that the US President Donald trump previously approved by Congress a law providing for the tightening of the unilateral American sanctions against Russia, Iran and North Korea.
Dollar rate to ruble during trading on the Moscow exchange at 17:40 GMT, up 40 cents to 60.75 RUB earlier on Wednesday, the dollar reached the level of RUB. 60,78 the Euro rose to 72,01 RUB 74 kopecks above yesterday’s closing level. At the same time, earlier, before the announcement about trump’s decision to endorse the anti-Russian sanctions, the Euro Mosbirzhe rose to 72,04 RUB.
The depreciation of ruble occurs against the background of falling oil prices. Thus, the cost of the futures on Brent crude oil with delivery in October 2017 on the ICE exchange in London decreased by 0.6% to $51,47 per barrel.
Oil is cheaper on the background of data on the stocks of raw materials in the United States. In particular, data from the us Department of energy showed a decline of commercial oil reserves in the U.S. for the week from 21 to 28 July – by 1.5 million barrels to 481,9 million While analysts expected reduction of stocks at 2.96 million barrels.