Russian ruble declines against dollar by 0.37%

The Russian ruble fell against the dollar by 0.37% to 88.90 per dollar after trading in a range of 88.430 to 89.348.

Against the euro, the ruble fell 0.08% to 96.52 per euro and lost 0.23% against the Chinese yuan to 12.22.

Brent crude, the global benchmark for Russia’s main exports, rose 0.3% to $84.51 a barrel, while Russian stock indices declined, with the dollar-denominated RTS index losing 0.4% to 1170.0. The ruble-denominated MOEX index lost 0.01% to 3,302.44.

European Union countries had previously agreed to a plan to use profits from frozen Russian sovereign assets to support Ukraine’s recovery and military defense.

The G7 has frozen assets worth about $280 billion since the Russian invasion of Ukraine in 2022, with more than two-thirds of those assets located in the European Union.