The dollar exchange rate against the ruble at the opening of trading on February 25 increased by 75 kopecks compared to the closing level of previous trading and amounted to 86 rubles. This is evidenced by the data of the Moscow Exchange.
The euro exchange rate also increased by 85.25 kopecks and amounted to 96.06 rubles.
The day before, immediately after the opening of trading, the Russian stock market and the ruble fell to the limits set by the Moscow Exchange, in connection with which the trading floor announced the suspension of trading.
Later, in the course of trading, the euro exchange rate reached 101.07 rubles, and the dollar – 89.9 rubles. In this regard, the Bank of Russia announced measures to stabilize the Russian financial market.
In turn, the financiers allowed a further drawdown of the Moscow Exchange index by 20-30% to 1250-1500 points, but they are not taken to give accurate forecasts.
Stock indices reacted in this way to the announcement by Russian President Vladimir Putin of a military special operation in order to protect the civilian population of Donbass.
Vladimir Zelensky accused Russia of hitting the country’s military infrastructure and introduced martial law throughout the country.
The Russian Defense Ministry reported that the army did not carry out air missile or artillery strikes on the cities of Ukraine. They stressed that nothing threatens the civilian population of the country. High-precision weapons destroy military infrastructure: military airfields, aviation, air defense facilities of the Armed Forces of Ukraine.
On February 21, Putin signed decrees recognizing the independence of the Lugansk and Donetsk People’s Republics (LPR and DPR). Also, the President of Russia and the heads of both republics Leonid Pasechnik and Denis Pushilin signed treaties of friendship, cooperation and mutual assistance. The documents were ratified the next day by both the republics themselves and the Russian State Duma.
The situation in Donbass escalated on February 17. The DPR and LPR reported heavy shelling by Ukrainian security forces, including from heavy weapons. The republics announced a general mobilization and evacuation of civilians to the territory of Russia.
Since 2014, the Kiev authorities have been conducting a military operation against the inhabitants of Donbass, who refused to recognize the results of the coup d’état and the new government in Ukraine. At the same time, Kiev blames Moscow for the current situation. Russia has repeatedly stated that it is not a party to the conflict.
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
