The Euro, the dollar reached a two-year high against the ruble, the jump to 80, and 65 respectively

Euro, Dollar Hit Two-Year High Against Ruble, Spike to 80, 65 Respectively

The recently imposed U.S. sanctions against several Russian individuals were businessmen, who came under the restrictive measures and hit in national currency as well.

Along with the sharp drop in the price of sanctioned companies, the Russian ruble continues to fall for a third consecutive day after the stock exchanges open around the world on Monday, after a recently announced U.S. sanctions against Russia.

Over the past three days the Russian national currency has lost more than 11% of its value against the U.S. dollar and the Euro, with the ruble trading this morning on the threshold of 80 rubles per Euro and 64 per U.S. dollar.

The United States announced last Friday the new anti-Russian sanctions, adding 38 Russian individuals and entities on sanctions lists. The sanctions target major Russian businessmen and companies, including Oleg Deripaska, together with RUSAL and EN+ group, controlled by him, Viktor Vekselberg and the group of companies “Renova”, the head of “Gazprom” Alexey Miller and the President of VTB Bank Andrey Kostin.

Following the announcement of the Russian Embassy in the US said that the new sanctions package was another hit in the bilateral relations, adding that the sanctions will hit thousands of Russian citizens that are part of an active business.

The Russian foreign Ministry reacted to the news, said that the sanctions and any future anti-Russian action will not remain without a tough response from the Russian side, however, the press Secretary of the Kremlin Dmitry Peskov said yesterday that Russia will avoid hasty decisions on this issue.

Sourse: sputniknews.com

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