The Russian ruble rose today, gaining for the third session, on speculations that the impact of sanctions that the United States and the European Union are going to impose on Russia will be limited and they will not influence the Russian economy very strongly.
The USA and the EU agreed on asset freezes and visa restrictions for several Russian and Ukrainian officials, the move that was considered to be not very impressive. Many economists believe that the West will not dare to impose really strict economic sanctions against Russia as it will be hard to do without hurting the European economy. The EU and Russia are trading partners and depend on each other for their economic well-being.
USD/RUB fell from 36.2535 to 36.1128 as of 10:35 GMT today.
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