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RUB Bounces Back Following Planned Sanctions On Nord Stream 2

RUSSIA

Russia – Out overnight

  • RTRS - Trump administration plans new package of congressionally mandated sanctions on Russia's Nord Stream 2 gas pipeline in -'very near future' - Senior U.S. Officials
  • RTRS – U.S. government urging foreign governments, private firms to drop out of Nord Stream 2 pipeline – U.S. officials


USDRUB drifted slightly higher on the news back to 75.25 but has come under pressure since making fresh lows since Monday evening through 74.50 as Brent traded above $51 per barrel. The pair is set for its strongest close this week and putting it on track for a 2.4% RUB gain this month.

  • 4pm: Bank of Russia reports international reserves
  • 4pm: Bank of Russia reports non-residents share in OFZ holdings as of Dec. 1

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