Woman holds Russian Rouble banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration
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June 2 (Reuters) – The Russian rouble eased towards 62 against the dollar on Thursday, stabilising in a relatively narrow range after sharp and uncontrolled moves last week due to an imbalance of supply and demand on the Moscow Exchange.
The market focus was on a new round of U.S. sanctions against Russia for what it calls a “special military operation” in Ukraine, with targets including 17 individuals, 16 entities, seven vessels and three aircraft. read more
Shares in steel giant Severstal (CHMF.MM), which was added to the sanctions list, fell more than 12% to underperform the broader market.
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The rouble showed muted reactions, having become the world’s best-performing currency so far this year thanks to…
