Belarusian Ruble Crushes Following Russian Ruble

US dollar and Euro went up at the very beginning of trading session.

The Belarusian ruble's value began to fall against the dollar and the euro following the Russian ruble. Euro rose by 2.46%, dollar rose by 1.97% at the beginning of a trading session on the Belarusian Currency and Stock Exchange.

The stock exchange trading session is still going on, it is possible that the ruble exchange rate will fall even more.

We remind, that on Thursday, August 9, the rate of the Russian ruble dropped to 76 rubles for one euro and 65.5 rubles for one dollar on the Moscow Currency and Stock Exchange.

Fluctuations in the exchange rate of the Russian currency occurred against the background of news about new sanctions against Russia, prepared by Senators Lindsay Graham and Bob Menendez. The bill, already submitted to the US Congress, suggests that not only operations with the Russian national debt should be prohibited, but also the assets of VEB, Sberbank and VTB banks in the US should be frozen. Also the document proposes to consider the issue of recognizing Russia as a "state sponsoring terrorism."

According to analysts, if sanctions are adopted in this form, the expenses of Russian state-owned banks will increase. To fill them, credit institutions will have to shift some of the losses to customers. In this regard, services can rise in price, and rates on loans can grow.

From August 22, the United States is introducing new sanctions against Russia because of the poisoning of Sergey Skripal and his daughter in Salisbury.