May 5 (Reuters) - The Russian rouble briefly reached its highest level against the dollar since March 2020 on Thursday, supported by capital controls, while stock indexes also climbed as the market watched developments around possible new sanctions against Moscow.

The volatile currency hit a high of 65.31 per dollar in early trading on the Moscow Exchange but by 1339 GMT was at 66.14, which was 0.2% stronger than its Wednesday closing level.


The rouble has rallied in the past few weeks thanks to mandatory conversion of foreign currency by export-focused companies. Also, there has been weak demand for dollars and euros amid waning imports and restrictions on cross-border transactions.

"We think the rouble may be able to advance to USD/RUB 65, even after all of its recent gains," Sberbank CIB said in a note.

Moves in the rouble are sharper than usual as market liquidity has been thinned by central bank restrictions designed to prop up financial stability after Russia sent tens of thousands of troops into Ukraine on Feb. 24.

Meanwhile, trading activity is subdued as the markets are open for only three days this week in the middle of Russia's long May holidays.

Against the euro, the rouble was 1% stronger at 69.77 , hovering at levels last seen in February 2020.

https://www reuters com/world/europe/russian- rouble-hits-highest-level-since-march-2020-sanctions-talk-focus-2022-05-05/

The west should understand Russia runs a fortress economy , the west need Russia more than Russia needs the west

Mooh247:
The west should understand Russia runs a fortress economy , the west need Russia more than Russia needs the west

Apt!!!

Mooh247:
The west should understand Russia runs a fortress economy , the west need Russia more than Russia needs the west

be like say you need come lecture us for america , Biden no just get sense at all

Who need dollar?? Only stewpid shiiiiit hole like Nigeria.

When Putin said He was prepared for sanctions, the west called him a mad man.
He stopped forex, the west claimed it was as a result of the sanctions biting.
Yet the west forgets, Russia has very smart people and is a communist country.
What Nigeria needs is a hard man that can make good policies.
A man that will make sure those policies are followed to the latter.
Nigeria can be great if we have good leaders,who will fight for their country like Putin is doing.
Putin singlehandedly ended the reign of American sponsored ISIS, because if they succeeded in Syria, Russia and Europe will be next.
No your friends and enemies.

Americans and the west won't like this Russia is too big to be sanctioned the west will slam Russia in public and go to the back and pay for Russia oil and gas in ruble. Bunch of hypocrite
Media propaganda will tell you Russia is loosing the way when we all know Russia have taken over 15 percent of its territory before the was ends it could Reach 40 percent..

Where are the pple saying america will turn russian rubble to pieces of paper.

Brunosamel:
Americans and the west won't like this Russia is too big to be sanctioned the west will slam Russia in public and go to the back and pay for Russia oil and gas in ruble. Bunch of hypocrite
Media propaganda will tell you Russia is loosing the way when we all know Russia have taken over 15 percent of its territory before the was ends it could Reach 40 percent..

you Dey mind dos mumu, if na RT dem go talk say na fake news, nah from their favorite Reuters I go bring the news.

It is foolish to think you can put down a world power like that

Alamkir:
Where are the pple saying america will turn russian rubble to pieces of paper.

don’t mind those jambites….

shogsman:
It is foolish to think you can put down a world power like that

when it’s not Iran, Nk, VZ…. Dem be jokers….