The ruble rises in price in forex on Monday, ignoring sales in the stock markets of Europe and the United States.
At 19.25 Moscow time, the dollar-ruble pair is quoted in London at 73.8940 rubles per dollar – 41 kopecks, or 0.6% lower than at the close of trading on the Moscow Exchange on Monday (74.3 rubles).
The euro against the ruble, according to the largest UK inter-dealer broker ICAP, fell below 90 rubles.
Deals are concluded at 89.82 rubles per euro, which is 53 kopecks, or 0.65% lower than at the close of trading in Moscow.
The ruble rises in price along with commodity currencies amid a rally in the oil and metals markets.
Brent oil futures for April, which expire this week, soared above $ 66 a barrel on Tuesday. The May contracts are trading at $ 64.44, up 0.14%.
Copper prices soared to a maximum in 10 years: a ton of metal in London costs $ 9.2 thousand, adding almost 20% since the beginning of the year.
Following commodity futures, commodity-based currencies are becoming more expensive. The South African rand and Brazilian real are up 0.8%.
The meeting of EU foreign ministers on the situation with Alexei Navalny, on the eve of which the ruble fell to a 2-week low, ended without the adoption of harsh sanctions.
The ministers agreed on new visa bans and an asset freeze for officials responsible for the arrest of Navalny, but did not dare to impose sanctions against Russian oligarchs and even more so – sectors of the economy.
At the same time, no sanctions list was adopted following the meeting. It is expected that it will take another week to prepare, and the final decision will be made by EU leaders at a summit in March.