Euro and Dollar Exchange Rates Reach Historic Highs; Ruble Hits Historic Lows: Bloomberg

On the morning of February 28, currency trading on international markets has shown that the exchange rates of the euro and the dollar, according to Bloomberg data, have reached historic highs, while the value of the ruble has fallen to historic lows, losing more than 30% of its value against the dollar and the euro.

As of 07:10 Moscow time (08:10 Yerevan time), the euro is being sold for 123.47 rubles, and the dollar for 107.68 rubles. At the same time, in the morning of Monday, February 28, the exchange rate of the dollar exceeded the 117 ruble mark, while the euro exceeded 132 rubles.

The start of trading on the Moscow Exchange has been postponed by the Central Bank's decision until 10:00 Moscow time.

Previously, Western countries imposed sanctions against Moscow due to the Ukrainian war. In particular, the European Union announced the disconnection of certain Russian banks from the SWIFT system and the freezing of the Central Bank's assets. The EU also prohibited the listing of securities of Russian state enterprises on its exchanges and limited euro-denominated debt financing.