At the opening of the first trading day of the week, the ruble fell by about 2.1 percent against the dollar due to the crisis between the Russian state and the Wagner group, while the dollar/ruble parity rose to 86.37.

Thus, the Russian ruble saw its lowest level against the dollar since March 2022.

After the opening of the Russian market, the ruble covered some of its losses, while the dollar/ruble parity declined to 84.75 levels.

It lost more than 14% against the dollar.

The ruble has lost more than 14 percent against the dollar this year, making it one of the worst-performing currencies among emerging markets.

Yevgeny Prigojin, the founder of the private security company Wagner, accused the Russian army of attacking Wagner last week and threatened to retaliate. Wagner fighters left Ukraine and entered the border Rostov region.

Announcing on June 24 that Belarusian President Aleksandr Lukashenko had accepted the proposal to de-escalate tensions, Prigojin announced that they understood the responsibility for the shedding of Russian blood and that they would reject their convoys and return to the field camps according to the plan.

Kremlin Spokesperson Dmitriy Peskov also stated that the criminal case against Prigojin would be closed and that the rebel leader would go to Belarus.

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