Direct negotiations between Russia and Ukraine have reopened, and the ruble has reached its highest level against the US dollar in nearly two years.

According to the Wise Finance APP, the exchange rate of the Russian currency ruble against the US dollar has risen to its highest level in two years. The reason is that Russian negotiators have arrived in Turkey, where it is expected to be the first direct talks between Moscow and Kiev since 2022. At the same time, the demand for foreign currencies in Russia has decreased. According to data from the Central Bank of Russia, the ruble has climbed to 80.2237 rubles per US dollar on the local market, the highest level since May 31, 2023. In the global over-the-counter trading market, the ruble has risen by over 40% this year, surpassing gold and becoming the best-performing asset.