The political tensions in Belarus

The Russian ruble remains vulnerable against the euro and prices of the exchange rate are projected to climb towards their resistance level very soon. The political tensions in Belarus are the main fundamental that’s affecting the confidence of the Russian ruble and its investors. Just recently, it was reported that two opposition members were jailed. Olga Kovalkova and Sergei Dylevski are both known members of the National Coordination Council. Reports say that they were set up by the exiled opposition leader Svetlana Tikhanovskaya following Belarus’ widely discredited presidential poll. Alexander Lukashenko has claimed a fresh term in the office even after 26 years in power. However, both the United States and the European Union rejected the August 9 vote, saying that it’s neither free nor fair. Moreover, the bloc’s single currency is also facing some volatility as its strength is linked to the greenback’s fluctuating strength.