The Russian ruble jumps to a two-year high against the dollar and the euro

The Russian ruble jumped Wednesday to a two-year high against the US dollar and the euro, maintaining support for tight capital controls, as the European Union proposed a new sanctions package against Russia for its war in Ukraine.

The ruble closed the trading session in rise of 6.6% against the dollar to 66.30, the highest level since March 2020.

It also rose 5.8% against the euro to 70.44 after touching in previously 69.80, the highest level since February 2020.

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