{"id":1666536,"date":"2022-09-30T11:08:46","date_gmt":"2022-09-30T15:08:46","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1666536"},"modified":"2022-09-30T11:08:54","modified_gmt":"2022-09-30T15:08:54","slug":"volatile-rouble-gives-up-huge-gains-as-putin-declares-annexations","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/volatile-rouble-gives-up-huge-gains-as-putin-declares-annexations\/","title":{"rendered":"Volatile rouble gives up huge gains as Putin declares annexations"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fvolatile-rouble-gives-up-huge-gains-as-putin-declares-annexations%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1666536&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Alexander Marrow<\/p>\n<p>MOSCOW (Reuters) -The rouble weakened on Friday, giving up huge gains that had seen it soar to an eight-year high against the euro, as investors slashed foreign currency holdings and President Vladimir Putin signed treaties annexing four Ukrainian regions.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Western governments and Kyiv say the move breaches  international law.<\/p>\n<p>By 1355 GMT, the rouble had lost 1.6% to trade at 56.48 versus the euro, swinging back from its  strongest mark since early October 2014 of 50.7250. <\/p>\n<p>It was 1.7% weaker against the dollar at 58.20, giving up massive gains that had earlier seen it touch its strongest point since July 1 of 53.2300.<\/p>\n<p>The rouble has been supported by capital controls and a collapse in imports since Western sanctions were imposed over Russia\u2019s actions in Ukraine and companies left the market in droves. Geopolitical risks also remain elevated, with more U.S. and EU sanctions expected soon.<\/p>\n<p>The sanctions threat has led some investors to reduce their dollar holdings, fearing that restrictions may paralyse Russia-based trading in the greenback, analysts have said. <\/p>\n<p>\u201cApparently the market is expecting the introduction of new sanctions by the EU which could further complicate the circulation of the euro, which is why we see supply exceeding demand, which leads to a decrease in the (euro) on Moscow Exchange,\u201d said Alfa Capital analyst Alexander Dzhioev. <\/p>\n<p>Otkritie Research said companies may be speeding up the sale of FX from their overseas accounts. <\/p>\n<p>The rouble had lost 3.2% against the yuan to 8.390, a more than one-week low.<\/p>\n<p>Russian stock indexes were mixed.<\/p>\n<p>Geopolitical pressure sent the benchmark MOEX Russian index to its lowest since Feb. 24 \u2013 the day Russia sent troops into Ukraine \u2013 on Monday, but the approval of energy giant Gazprom\u2019s dividend payments drove the market higher.<\/p>\n<p>\u201cAn approval\u2026of the payment should be positive both for the stock and for the market in general as Gazprom has the largest weight in indices,\u201d said BCS Global Markets. <\/p>\n<p>The rouble-based MOEX index was 1.4% higher at 1,980.9 points. The dollar-denominated RTS index was unchanged at 1,072.3 points. <\/p>\n<p>Gazprom shares were underperforming the wider market, down 3.4%. <\/p>\n<p>Analysts at VTB My Investments said they had a neutral view on Gazprom due to uncertainty about gas exports and the company\u2019s increased tax burden, expecting its dividend for the second half of 2022 to be about five times lower than the 51.03 roubles ($0.8522) per share approved on Friday. ($1 = 59.8790 roubles)<\/p>\n<p> (Reporting by Alexander Marrow; Editing by William Maclean and Angus MacSwan)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/russian-rouble-leaps-to\/attachment\/illustration-shows-russian-rouble-and-euro-banknotes\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8T0FM-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8T0FM-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alexander Marrow MOSCOW (Reuters) -The rouble weakened on Friday, giving up huge gains that had seen it soar to an eight-year high against the euro, as investors slashed foreign<\/p>\n","protected":false},"author":66,"featured_media":1889397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1666536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/volatile-rouble-gives-up\/?utm_source=rss&utm_medium=rss&utm_campaign=volatile-rouble-gives-up","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1666536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1666536"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1666536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889397"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1666536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1666536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1666536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}