Euro reaches 94 rubles for first time since 2014

The  euro exchange rate rose by 1.51% to 94.02 rubles on the Moscow Exchange early on Monday.

By 10:30 Moscow time, the dollar exchange rate was at 80.4925 rubles (+1.21%), the euro grew to 93.68 rubles (+1.14%). The last time the dollar rate was above 80 rubles on March 30.

The weakening of the Russian currency is taking place against the backdrop of falling oil prices. The price of a Brent oil futures contract with January 2021 delivery on London’s ICE decreased by 3.69% to $36.54 per barrel, and WTI crude oil - by 4.07% to $34.68 per barrel.