The US has expanded sanctions against Russia, leading to a significant drop in the ruble exchange rate. The Moscow Stock Exchange and major Russian banks are facing severe impacts, with shares plummeting and websites going offline. Panic and bank runs are evident as customers line up to withdraw money amid the economic turmoil.
Russia is holding off on dollar and euro trading altogether after a new round of sanctions kicks in. https://t.co/gVTxsjXsXV
Russian Economy Forced into China Pivot after Sanctions Bombshell (Newsweek) Moscow's economic ties with Beijing have tightened even more after Russia's Central Bank announced the yuan-ruble exchange rate will become a benchmark for other currency pairs. The bank's statement on… https://t.co/SYW0dxqUAd
Russia adopts Chinese yuan-to-ruble as benchmark exchange rate after US sanctions force a further move away from the dollar https://t.co/2fWyhk5DQr
NEW: The 🇨🇳 Chinese Yuan will become 🇷🇺 Russia's main currency as the exchange rate of the yuan/ruble will set the trajectory for other currency pairs. Few Russian banks have dollars available, with people lining up at banks and ATMs to withdraw cash. https://t.co/X0KWhwqj73
The Russian market remained remarkably calm today in response to the latest U.S. sanctions. Meduza summarizes the results of the Moscow Exchange’s first trading session following suspended trading in the U.S. dollar, the euro, and the Hong Kong dollar. https://t.co/JqUmr6fOJB
Russia: Banks in Moscow have run out of US dollars and Euros. Moscow Times correspondent visited 15 Sberbank branches throughout the capital. Residents are getting rid of rubles as fast as they possibly can. Russian escalation after the US crossed THE RED LINE with new sanctions: https://t.co/0PMrsVTK6U
Russia financial system shaken after U.S. imposes new sanctions https://t.co/1aEtGlgTMj
Russia financial system shaken after US imposes new sanctions https://t.co/JxfbWEHNtN
Russians shrug off sanctions on dollar, euro trading https://t.co/FIG3euzfQn
⚠️ RUSSIAN C. BANK: **SETS OFFICIAL ROUBLE RATE FOR FRIDAY AT 88.2080 ROUBLES PER U.S. DOLLAR ** SETS OFFICIAL ROUBLE RATE FOR FRIDAY AT 94.8324 ROUBLES PER EURO
The Central Bank of Russia has just announced the official exchange rate: Dollar – 88.20 rubles. Euro – 94.83 rub. ● Some high-street banks haven't got the memo and are offering wild spreads 50/200
Maybe a few words of caution about the USD/RUB exchange rate following new US sanctions 1. Russia has been relying more and more on the CNY renminbi to conduct actual international trade 2. It is not going to prevent russia from acquiring dollars when needed. Why? https://t.co/dSnTmUm1ym
Russians line up to buy US dollars as ruble plummets after new sanctions https://t.co/FjaA8sm4Ou
Rouble swings to opaque trading territory after new US sanctions https://t.co/1X3ks12GYE https://t.co/F7ftk2dysP
🇷🇺 RUSSIA'S CENTRAL BANK SETS NEW FLOOR FOR RUBLE AFTER FRESH U.S. SANCTIONS Russia's Central Bank has announced a new floor for the ruble at 36 rubles to the dollar. This follows 20 mini-devaluations since November 2023, prompted by falling oil prices and an economic… https://t.co/j9tk6lcQP8 https://t.co/njY5NNVuGK
"The yuan will become Russia’s main foreign currency," the Central Bank said. The yuan/ruble exchange rate will now set the trajectory for all other currency pairs, including the euro and dollar, the statement says. https://t.co/Td59hGFu2d https://t.co/5gk2aDHEr4
Chinese Yuan will become Russia's main currency - Russian Central Bank The yuan/ruble exchange rate will now set the trajectory for all other currency pairs, including the euro and dollar, the bank's statement said. Meanwhile, in many Russian banks there are no dollars… https://t.co/A2O1F4fFxA https://t.co/GtGHwphOFv
Russian banking system on brink of collapse as U.S sanctions trigger bank run on Rosbank and Gazprombank https://t.co/QTDMg19Qlw
RUSSIAN AFFILIATES OF CHINESE BANKS HALTED PROCESSING SETTLEMENTS IN RUSSIA-CHINA TRADE IN DOLLARS AND EUROS - SOURCES
⚠️ RUSSIAN AFFILIATES OF CHINESE BANKS HALTED PROCESSING SETTLEMENTS IN RUSSIA-CHINA TRADE IN DOLLARS AND EUROS - SOURCE **BANKS WILL LIKELY INCREASE SETTLEMENTS IN NATIONAL CURRENCIES, IN ROUBLES AND YUAN - SOURCE
RUSSIAN AFFILIATES OF CHINESE BANKS HALTED PROCESSING SETTLEMENTS IN RUSSIA-CHINA TRADE IN DOLLARS AND EUROS - SOURCE
📉🇷🇺 A collapse of shares began on the Moscow Exchange after yesterday's introduction of a new package of sanctions against Russia. ❗️In some banks, at a certain moment, the dollar rate reached 200 rubles. Today, shares of the Moscow Stock Exchange opened with a decrease of up… https://t.co/E0cg7xLW9q
🚨 BREAKING: Russia's economy on the brink? 🇷🇺💸 Rosbank's current RUB - USD rates: Buy: 52.8 rubles Sell: 132.4 rubles That's a spread is wider than the Grand Canyon! 😱 Remember when some claimed the ruble was safer than the USD? 🤔 Looks like they spoke too soon. Also, the… https://t.co/H2NvXwmJZg
🚨🇷🇺BREAKING: RUSSIAN RUBLE ON THE BRINK OF COLLAPSE?! Reports are circulating that Rosbank and Gazprombank’s websites are down and that the Moscow Exchange is preventing people from logging in after yesterday’s announcement of additional sanctions from the U.S. Rosbank is… https://t.co/vZzSOqCayD https://t.co/Sm94d7Eave
Russia: Rosbank this morning. They'll buy your US dollar for 52.8 rubles. They'll sell you a US dollar for 132.4 rubles. Financial advisors in Russia are warning businesses to hold off on concluding any ruble-denominated deals for fear the currency could plummet any day now. https://t.co/o1ymuHAN8U
Russia: Panic is setting in - ruble collapse is anticipated. Several banks in Russia halted withdrawals and online transfers. MOEX brokers are blocking foreign currency withdrawals. MOEX halted trading of the Hong Kong dollar since it's pegged to the US dollar. Yesterday: https://t.co/Fge7Xx1SYJ https://t.co/r9wa8BMULe
Moscow Exchange shares collapsed by almost 16% after the imposition of US sanctions. Russia must be winning.
The Moscow Exchange ruble index fell below 3,100 points for the first time since June 3 after US sanctions, as follows from trading data. Moscow Exchange shares fall by 15.8%, Sberbank - by 4%, VTB - by 4.7%, - Kommersant. Food prices in Russia may rise from 10% to 30%. Market… https://t.co/Qik83E2NXT
-Moscow Stock Exchange down -15%. -Largest Russian banks have halted withdrawals. - Largest Russian banks and brokerages' websites are offline, client logins no longer work. How's your day going?
⚡️The Russian stock market opened with a drop in the RTS and Moscow Exchange indices by 3.9-4.1%. ⚡️Mosex Exchange shares are down more than 15% following the implementation of US sanctions against the platform, according to trading data. ❗️Shares of Sberbank have fallen by 4%,…
⚠️ SHARES IN MOSCOW EXCHANGE DIVE AROUND 15% LOWER AFTER NEW U.S. SANCTIONS
RUSSIA’S BENCHMARK STOCK INDEX OPENS 4.2% LOWER AFTER NEW US SANCTIONS ON MOSCOW EXCHANGE
BREAKING: Rosbank’s website is down. Customers can’t login. Multiple Russian banks are preventing clients from logging in because they don’t have liquidity to give clients their money, due to new US sanctions. Is this the start of a Russian bank run? https://t.co/swI1LUv7st
GAZPROMBANK IS DOWN 🔥🔥🔥 Following RosBank, 🇷🇺 Gazprombank is preventing clients from logging in. The Russian banks are seeking to prevent a digital “run on the banks” as clients are seeking to withdraw all of their deposits. 👉 Ruble is crashing. https://t.co/amtNghKFlr
⚠️ INTERBANK RATE FOR ROUBLE ABOVE 90 PER DOLLAR IN PRE-MARKET TRADING, OVER 1% WEAKER THAN PREVIOUS OFFICIAL CLOSE
BREAKING: Exchange rate for the ruble drop from 90 per dollar to 120-200. The new US sanctions were announced after close of business in Russia yesterday so it’s first now that the effects will really come into play. Russians are lining up in front of banks to withdraw money https://t.co/1npG79cZu7
US widens Russia sanctions in banking crackdown https://t.co/tSJZiWHTk3