The price of the euro on the Moscow Exchange has reached 122 rubles, the dollar is trading at over 109 rubles, according to the data of the exchange. These are new historical highs for the exchange rate of these currencies.
The price of gas in Europe, according to Interfax, also updated its historical maximum, reaching $2,181 per thousand cubic meters.
The Russian economy is weakening due to the war with Ukraine and the introduction of sanctions for it. Read more about the economic situation in the country in the Media Zone story.
War in Ukraine. Sanctions and consequences