First published on the NIDO Russia Telegram channel.
The ruble strengthened significantly after President Vladimir Putin announced that European payments for gas supplies will be switched to rubles as soon as possible. At the same time, he specified that the old supply contracts would also be converted into rubles.
Immediately after the statement, USD dropped below RUB100 on the Moscow Stock Exchange.
Recall that we had reported when the Oil prices broke above $110.
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Source: therussianmarket
