{"id":111886,"date":"2022-03-09T09:05:56","date_gmt":"2022-03-09T09:05:56","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=111886"},"modified":"2022-03-10T07:50:53","modified_gmt":"2022-03-10T07:50:53","slug":"106160-uah-rub-ruble-unfazed-by-us-ban-on-russian-oil-and-gas","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/106160-uah-rub-ruble-unfazed-by-us-ban-on-russian-oil-and-gas\/","title":{"rendered":"UAH\/RUB: Ruble Unfazed by US Ban on Russian Oil and Gas"},"content":{"rendered":"<ul>\n<li>US President Biden announces Russia energy import ban<\/li>\n<li>Russian Ruble pared losses against Ukrainian Hryvnia<\/li>\n<li>Oil price shocks can lead to a global recession<\/li>\n<li>Russian Central Bank to open Moscow exchange forex market<\/li>\n<\/ul>\n<p>At the foreign exchange market, the value of the Ukrainian Hryvnia depreciated on Tuesday settling down -9.09% at 4.3261 against the Russian ruble. The UAH\/RUB exchange rate was seen trading on Wednesday morning within a trading range of an intra-day low of 3.7898 and a high of 4.3261 &#8211; on track to snap losses for the second consecutive day.<\/p>\n<p>Risk off mood continues to prevail in the market due to Oil price shocks, which can lead to a global recession. Market participants see the biggest loser from the oil crisis to be Western Europe amid their reliance on Russian oil and gas imports.<\/p>\n<p>The current US administration announced on March 8, new sanctions designed to put pressure on the Russian economy amid the Ukraine invasion. President Biden targeted Russian energy imports.<\/p>\n<p><em>&#8220;We&#8217;re banning all imports of Russian oil and gas and energy. That means Russian oil will no longer be acceptable at U.S. ports and the American people will deal another powerful blow to Putin&#8217;s war machine,&#8221; <\/em>added the US president<em>.<\/em><\/p>\n<p>Crude oil prices were sharply higher on Tuesday, building up gains from the prior day. Crude oil settled up +2.51% at USD 123.70 per barrel.<\/p>\n<p>Meanwhile, the Russian central bank announced Moscow stock exchange to remain close on March 9, while the Moscow exchange forex market is set to open.<\/p>\n<div class=\"su-box su-box-style-default\" id=\"\" style=\"border-color:#bfc2c4;border-radius:3px;max-width:none\"><div class=\"su-box-title\" style=\"background-color:#f2f5f7;color:#5d6377;border-top-left-radius:1px;border-top-right-radius:1px\">A message from Wise (formerly TransferWise)<\/div><div class=\"su-box-content su-u-clearfix su-u-trim\" style=\"border-bottom-left-radius:1px;border-bottom-right-radius:1px\">Our team is made up of over 90 nationalities, with offices all over the world \u2014 including Cherkasy \u2014 so we felt it important to put together resources for donating, and sending money to Ukraine. You can access this <a href=\"https:\/\/wise.com\/community\/support-for-people-in-ukraine\">support hub here<\/a>.<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US President Biden announces Russia energy import ban Russian Ruble pared losses against Ukrainian Hryvnia Oil price shocks can lead to a global recession Russian Central Bank to open Moscow exchange forex market At the foreign exchange market, the value of the Ukrainian Hryvnia depreciated on Tuesday settling down -9.09% at 4.3261 against the Russian [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":108670,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3421,3427],"tags":[2449,1522,3429],"class_list":{"0":"post-111886","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-rub","8":"category-uah","9":"tag-joe-biden","10":"tag-oil","11":"tag-uah-rub"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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