“The ruble fell to the basket on fears of sanctions

US dollar and Euro grow on “Moscow stock exchange” on Friday evening; the ruble depreciates against the currency basket on Friday, extending the anti-Russian sanctions.

The U.S. dollar amounted to RUB 56,57 at 19:00 Moscow time by 14.25 kopecks above the closing level of the previous trading session. While the Euro was worth 68,69 RUB to go up to 84 kopecks. The cost of the currency basket ($0.55 and EUR0,45) rose 45,64 pennies to 62.03 rubles.

According to experts of “Interfax-CEA”, the ruble depreciates against the dollar and Euro in evening trading, reacting to media reports about the imminent adoption of a new package of anti-Russian sanctions. As stated by the Secretary of the Treasury Steven Mnuchin, the measures envisaged by the US President Donald trump in 2017, the law on sanctions against Russia will be announced in the near future. In the purported list of Russian businessmen, close to the highest leadership of Russia, may enter more than 50 people (up to 300 families).

Ahead of the dynamics of the Euro is determined by the growth of quotations of the single European currency to its highest since December 2014 the signals the possibility of an early reduction of stimulus from the ECB.

According to the minutes of the December meeting of the ECB, the regulator may in early 2018 to revise plans for future action, which was perceived by market participants as a signal that the tightening of monetary policy in the Eurozone may happen sooner than expected.

Oil prices reference marks are reduced from highs reached before three years on news of the continued suspension of us sanctions against Iran, according to Dow Jones. Quotations of March futures for Brent crude on the London ICE Futures exchange to 19:00 Moscow time has decreased on 0,26% – to $69,08 per barrel. Prices of futures contracts for WTI crude oil for February on the new York Mercantile exchange (NYMEX) by this time has fallen on 0,47% – to $63,5 per barrel.

The President of the United States Donald trump decided for 120 days to renew the suspension of sanctions against Iran as part of the deal in the atom, prisoner of Tehran and the “six” of international mediators. Thus, the us administration is that it intends to comply with the terms of the agreement on Tehran’s nuclear program.

This post eased fears of oil traders of the market about possible supply disruptions that contributed to the recent rally of prices. Since the beginning of this year, WTI rose by 5.5%.

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