October 26, 2018  |  Updated October 29, 2018

Russian Ruble Jumps Based on False Media Reports Quoting Bolton

By Polygraph
Azerbaijan -- U.S. National security adviser John Bolton adjusts his glasses while speaking to the media after his talks with Azerbaijan's President Ilham Aliyev in Baku, Azerbaijan, Wednesday, Oct. 24, 2018

On Wednesday, October 24, Russian markets jumped to their highest level and the U.S. dollar fell against the Russian ruble to its lowest since last August, reaching 65.13 rubles to the dollar.

The Moscow Exchange rose by 1.6%, with stocks of Russia’s biggest state bank, Sberbank, leading the winners with a 4.1% increase in its share price.

The economic euphoria was sparked by Russian media reports quoting the U.S. National Security Adviser John Bolton as saying at a press conference in Baku, Azerbaijan, that the U.S. has no plans for additional sanctions against Russia. As you will see, the reports are false.

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