The Russian currency also strengthened its position against the dollar, climbing back to pre-conflict levels.
On Friday, the ruble hit over 74 to the euro, and headed towards 70 to the dollar in Moscow trade.
Earlier in the day, the Russian central bank cut its key interest rate to 14% in the latest attempt to boost lending in the sanction-hit economy.
Part of the divergence with the euro may be attributed to a decline in the single currency which has seen a major sell-off this week. The euro is currently hovering around a five-year low against the dollar with fears over the growth outlook for the eurozone as the impacts of Russia-Ukraine conflict begin to spill over.
The Russian currency had previously dropped to historic lows amid sanctions placed on Moscow in response to its military operation in Ukraine. In early March, the ruble plunged to as low as 150 to the dollar but has since nearly doubled in value.
(...) RT
