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Russian rouble slips as oil price and forex action limit sanctions impact - REUTERS

JANUARY 14, 2025

Summary

  • Rouble also weakens against yuan, most traded foreign currency in Russia
  • US imposed more sanctions on Russia on Friday
  • Finance ministry announcement on Friday supported the rouble

MOSCOW, Jan 13 (Reuters) - The Russian rouble eased against the U.S. dollar and China's yuan on Monday as rising oil prices and increased forex sales by the state cushioned the impact of new U.S. sanctions designed to curb Russia's oil and gas revenue.
The rouble was down 0.7% at 102.45 against the dollar by 1000 GMT, over-the-counter market data showed. The rouble weakened 0.8% to 13.81 against the yuan in trading on the Moscow Stock Exchange (MOEX).

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