The Russian Central Bank has set the official euro exchange rate for October 26 at 36.86 RUR/EUR. This figure is RUR0.21 higher than the previous official euro exchange rate. This has been the most considerable gain in the euro against the ruble over the past week. As a result, the present euro exchange rate against the ruble is the highest since January 13, 2004.
The ruble's weakening against the European currency is connected with a fall in the dollar against the euro on the world market. At present, the euro costs almost $1.28, whereas it cost $1.2630 on the previous business day and less than $1.26 two business days ago. Consequently, the dollar has lost 1.3 percent against the euro in comparison to October 22 and more than 1.5 percent compared to October 21.
The Biden administration has reproduced the sanctions that the Trump administration imposed on Russia for the alleged poisoning of the Skripals