When investors were gripped by fears that the Russian ruble would fall deeper, help came from unexpected sources. The ruble inched up after the US president said that he was ready to help Russia and Saudi Arabia to open negotiations. The fact is that Vladimir Putin failed to come to an agreement with Saudi Arabia’s leader. Russia’s president had to ask Donald Trump to convince Saudi Arabia to continue negotiations with Russia. As a result, Donald Trump made an announcement on the subject, expressing hope that the two countries would reach a compromise. Both oil and currency markets advanced amid his speech. Thus, the Russian ruble advanced against the US dollar and the euro. The US dollar dropped below 77 rubles whereas the euro declined below 83 rubles. "I expect and hope that they will be cutting back approximately 10 million barrels, and maybe substantially more", the US president said. Such an announcement could have boosted the ruble even more. However, the Russian president accused Saudi Arabia of leaving the OPEC deal. As a result, Saudi Arabia said that the accusation was "fully devoid of truth" and refused to resume negotiations. Of course, there is a possibility that the Russian national currency will lose ground again.

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