Ruble slides further against euro ...News

The central bank says it sees no risks to Russia’s financial stability The Russian ruble dropped almost 2% against the euro during trading on the Moscow exchange on Wednesday, reaching its lowest point since March 2022.  The currency was trading at 103 rubles to the euro, exchange data showed. The ruble also slid beyond 94 to the dollar. Experts polled by business daily RBK said the ruble’s fall was largely due to the end of the tax period and high demand for foreign currency. “At the end of the month, exporters sell forex earnings to pay taxes, and this supports the ruble. And when this period ends (usually on th

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