{"id":27900,"date":"2023-06-26T23:07:29","date_gmt":"2023-06-27T03:07:29","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/russian-ruble-stabilizes-after-falling-to-weakest-in-about-15-months\/"},"modified":"2023-06-26T23:07:29","modified_gmt":"2023-06-27T03:07:29","slug":"russian-ruble-stabilizes-after-falling-to-weakest-in-about-15-months","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=27900","title":{"rendered":"Russian Ruble Stabilizes After Falling to Weakest in About 15 Months"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000678623\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Russia\u2019s ruble hit its lowest level against the dollar in about 15 months on Monday, a sign of concern in financial markets over what could come next for the country following the rebellion against the government by the Wagner mercenary group.<\/p>\n<p>The Russian currency (ticker:<br \/>\n        RUBUSD<br \/>\n      ) ruble fell to $0.0115, its lowest value since April last year, when the country was grappling with sanctions imposed in response to the invasion of Ukraine, before clawing back up to $0.0118.<\/p>\n<div class=\"paywall\">\n<p>Investors are trying to make sense of the turbulence that struck Russia over the weekend. Yevgeny Prigozhin, chief of the Wagner Group, ordered what he called a \u201cmarch for justice\u201d on Friday in response to what he described as an attack on his forces by the Russian military, seizing control of a military command in Rostov-on-Don in southern Russia. <\/p>\n<p>A convoy of soldiers began to make its way toward Moscow, only to be called off mid-Saturday after Belarussian dictator Aleksander Lukashenko brokered an agreement between Prigozhin and Russian President Vladimir Putin.<\/p>\n<p>Fighting that could have led to a civil war has been avoided, but the moves represent a major challenge to Putin\u2019s power.  <\/p>\n<p>The uprising over the weekend \u201chas dealt a heavy blow to President Putin and exposed cracks in the regime,\u201d Liam Peach, an emerging-markets economist at Capital Economics, wrote on Monday. \u201cThere are a lot of unknowns about how things will play out at this point.\u201d <\/p>\n<p>In  remarks at the White House, President Joe Biden offered a similar view, saying it is \u201cstill too early to reach a definitive conclusion about where this is going.\u201d<\/p>\n<p>Russia\u2019s MOEX index (IMOEX), a benchmark for Russian stocks, and the dollar-denominated RTS index (IRTS), closed down 1.4% and 1.8%, respectively. Stock in Sberbank (SBER), a big Russian bank, fell 1.5%.<\/p>\n<p>Sanctions against Russia mean investors can\u2019t reflect their views on Russian stocks or sectors using exchange-traded funds. In December, VanEck suspended its Russia ETFs, including the VanEck Russia Small-Cap ETF (RSXJ), in preparation for liquidating them, following moves by major ETF issuers such as BlackRock to liquidate their funds in mid-2022. <\/p>\n<p>Write to Karishma Vanjani at\u00a0karishma.vanjani@dowjones.com.<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/russian-ruble-ukraine-wagner-putin-3407ec12?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia\u2019s ruble hit its lowest level against the dollar in about 15 months on Monday, a sign of concern in financial markets over what could come next for the country following the rebellion against the government by the Wagner mercenary group. The Russian currency (ticker: RUBUSD ) ruble fell to $0.0115, its lowest value since [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-27900","post","type-post","status-publish","format-gallery","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Russian Ruble Stabilizes After Falling to Weakest in About 15 Months | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Russia\u2019s ruble hit its lowest level against the dollar in about 15 months on Monday, a sign of concern in financial markets over what could come next for\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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