The collapse last week of Silicon Valley Bank in the United States spilled over into European markets, with Credit Suisse at the centre of a rout that was halted by a $54 billion lifeline from the Swiss central bank. At 0753 GMT, the rouble was 0.3% weaker against the dollar at 76.18 , at its weakest since late February, and coming within a whisker of its lowest point in almost 11 months. It had lost 0.8% to trade at 80.89 versus the euro . It had shed 0.2% against the yuan to 11.02 , its weakest mark since late April, 2022.
The rouble could weaken towards 77 against the dollar as oil prices remain under pressure, said Promsvyazbank analysts in a note.
Brent crude oil , a global benchmark for Russia's
main export, was up 0.4% at $74.0 a barrel, recovering some
ground from the previous session's over one-year lows.
Russian stock indexes were higher.
The dollar-denominated RTS index was up 0.1% to
937.7 points. The rouble-based MOEX Russian index was
0.2% higher at 2,266.9 points.
The Nasdaq stock exchange has informed Russian Internet
giant Yandex and e-commerce firm Ozon that
their stocks will be delisted, the companies said on Wednesday,
more than a year after trading in their securities was
suspended.
The suspension could have a negative short-term impact on
their Moscow-listed securities, said Veles Capital analysts.
For Russian equities guide see For Russian treasury bonds see (Reporting by Alexander Marrow; Editing by Kim Coghill)
