Russia's top business lobby called on Friday for the central bank to build up its reserves of the Chinese yuan in a bid to stabilise the rouble, which is susceptible to wild bouts of volatility and has been trading near multi-year highs.
Russia's rate-cutting cycle is over for now, a Reuters poll suggested on Friday, with analysts expecting the central bank to keep its key rate unchanged at 7.5% until the end of 2022, with high inflation and sanctions hampering Russia's economic recovery.
Central European currencies
slid on Friday as anxiety in the region's markets deepened
before Russian President Vladimir Putin was due to proclaim
Moscow's annexation of territory in Ukraine.
* Rouble gives up all gains in hugely volatile session. * Russian currency hits near 8-yr high of 50.7250 vs euro. * Gazprom interim dividend approval supports stocks. * Putin declares annexation of Ukrainian territories. * This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. By Alexander Marrow.
Norway may impose a ban on Russian tourists similar to that introduced this week by Finland, Norwegian Justice Minister Emilie Enger Mehl said on Friday. "We will close the border quickly if necessary, and changes can come at short notice.
Norway may impose a ban on Russian tourists similar to that introduced by Finland this week, Norwegian Justice Minister Emilie Enger Mehl said on Friday. "We will close the border quickly if necessary, and changes can come at short notice.
* This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. The Russian rouble strengthened past 57 to the dollar on Friday and stocks opened higher as President Vladimir Putin was set to proclaim the annexation of four Ukrainian regions, marking a new escalation in Moscow's conflict with Kyiv.
A convoy of vehicles carrying Ukrainian civilians was hit during a Russian missile strike on Friday near the southern city of Zaporizhzhia, the regional governor said. "There are dead and wounded, rescuers are operating," Oleksandr Starukh, the Zaporizhzhia regional governor wrote on the Telegram messaging app.
The Russian rouble surged to a more than two-month high against the dollar on Thursday, while geopolitical headwinds halted a tentative recovery on stock markets as President Vladimir Putin prepared to annex four Ukrainian territories.
Hungary cannot support the European Union's planned eighth round of sanctions against Russia over its invasion of Ukraine if those contain energy sanctions, Prime Minister Viktor Orban's chief of staff said on Thursday. The EU executive proposed on Wednesday fresh sanctions against Russia, including tighter trade restrictions, more individual blacklistings and an oil price cap for third countries.
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