Russian Ruble Leaps to Near 7-year High vs Euro

Russian Ruble Leaps to Near 7-year High vs Euro
A Russian ruble banknote is placed on euro banknotes in an illustration taken on March 1, 2022. Dado Ruvic/Illustration/Reuters
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The Russian ruble firmed more than 6 percent against the euro on Monday to a near seven-year high, boosted by capital controls, strong oil prices, and an upcoming month-end tax period.

By 1338 GMT, the ruble had gained 6.3 percent to trade at 58.75 versus the euro, its strongest point since early June 2015.