Why dollar and euro rates rising against ruble this summer?

The euro exchange rate on the Moscow Exchange rose above 90 rubles for the first time since April 28, 2023, according to currency trading data.

As of 10:11 am Moscow time, the euro exchange rate added 1.27%, rising to 90.1 rubles.

As of 10:25 am Moscow time, the euro added 1.21% and reached 90.05 rubles.

Meanwhile, the dollar exchange rate rose by 0.89% and amounted to 83.37 rubles, the yuan exchange rate went up by 0.48% to 11.616 rubles.

The dollar exchange rate rose above 84 rubles for the first time since April 4, 2022.