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The value of the euro falls in the Asian markets

2022-09-05 08:45:21, Ekonomi CNA

The value of the euro falls in the Asian markets

In Asian markets, the euro fell to $0.99 for the first time since 2002.

On September 5, the value of the British pound is at its lowest value in two and a half years, namely at 1.14 dollars.

The European currency has been under pressure since Russia cut off gas deliveries to Europe via the Nord Stream 1 pipeline.

Russian authorities said the disruptions are due to oil leaking from the pipeline's turbines.

The authorities in Germany, the country where Russian gas comes through this pipeline, have said that the interruptions and reduction of Russian energy supplies are Moscow's attempt to punish Western countries that have imposed sanctions on it due to the unprovoked invasion of Ukraine.

The announcement of the suspension of natural gas deliveries also came after the finance ministers of the seven most industrialized countries (G7) set a ceiling price for Russian oil./REL





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