Russian ruble touches highest level against euro since 2015
The currency climbed more than 5% to 61.10 against the euro
By Shubhangi Mathur
Published - May 20, 2022, 06:42 PM ET
Last Updated - Feb 28, 2024, 03:00 PM EST
• The currency climbed more than 5% to 61.10 against the euro
The Russian currency ruble on Friday surged to its highest levels against the euro and dollar since 2015 and 2018 respectively.
Ruble climbed more than 5% to 61.10 against the euro after touching 59.02, its highest since June 2015 while the currency rose more than 4% to 59.10 against the dollar, hitting 57.07 at one point in the day, its strongest since late March 2018.
The ruble rally comes as Russia demands foreign buyers to pay for gas in the Russian currency. Russia said that half of gas giant Gazprom's clients have opened accounts at Gazprombank, as EU countries prepare to pay Russia for gas.