financetom
Market
financetom
/
Market
/
Russian rouble slips as higher oil offsets U.S. energy sanctions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Russian rouble slips as higher oil offsets U.S. energy sanctions
Jan 12, 2025 11:54 PM

MOSCOW, Jan 13 (Reuters) - The Russian rouble weakened

slightly against the U.S. dollar and China's yuan on Monday, as

rising oil prices offset the impact of a new U.S. sanctions

package targeting Russia's oil and gas revenue.

The rouble was down 0.9% at 102.50 against the dollar

by 0715 GMT, over-the-counter market data showed. The rouble

weakened 0.5% to 13.78 against the yuan in trading on the Moscow

Stock Exchange (MOEX).

The yuan has become the most traded foreign currency in

Russia, with China using the currency to pay for energy imports

from Russia.

The U.S. Treasury on Jan. 10 imposed sanctions on Russian

oil producers Gazprom Neft and Surgutneftegaz, as well as 183

vessels that have shipped Russian oil. Oil prices have since

risen above $81 a barrel, the highest in more than four months.

One-day rouble/dollar futures, which trade on MOEX and are a

guide for the over-the-counter exchange rate, were up 0.2% at

103.25. The Russian central bank set the official exchange rate

at 101.91.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Energy
Sector Update: Energy
Jun 18, 2025
09:04 AM EDT, 06/18/2025 (MT Newswires) -- Energy stocks were advancing pre-bell Wednesday, with the Energy Select Sector SPDR Fund (XLE) 0.3% higher recently. The United States Oil Fund (USO) was up 0.4% and the United States Natural Gas Fund (UNG) was 0.9% higher. Front-month US West Texas Intermediate crude oil was up 0.5% at $73.65 per barrel at the...
US STOCKS-Wall Street indexes set for subdued open ahead of Fed's interest rate verdict
US STOCKS-Wall Street indexes set for subdued open ahead of Fed's interest rate verdict
Jun 18, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Futures up: Dow 0.04%, S&P 500 0.08%, Nasdaq 0.14% * Circle gains as US Senate passes stablecoin bill * Nucor ( NUE ) rises after it forecast Q2 profit above estimates * Fed's policy decision due at 02:00 p.m....
Sector Update: Financial
Sector Update: Financial
Jun 18, 2025
09:02 AM EDT, 06/18/2025 (MT Newswires) -- Financial stocks were little changed pre-bell Wednesday as the Financial Select Sector SPDR Fund (XLF) was unchanged recently. The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% higher. UBS Group's ( UBS ) company data was stolen in...
Traders Eye Fed Decision, Driving Muted Premarket Action for US Equity Futures
Traders Eye Fed Decision, Driving Muted Premarket Action for US Equity Futures
Jun 18, 2025
09:00 AM EDT, 06/18/2025 (MT Newswires) -- US equity futures were little changed before Wednesday's opening bell as traders looked ahead to the Federal Reserve's rate decision. Dow Jones Industrial Average futures were up 0.1%, S&P 500 futures were 0.1% higher, and Nasdaq futures were up 0.2%. The Federal Open Market Committee is scheduled to release a monetary policy statement...
Copyright 2023-2025 - www.financetom.com All Rights Reserved