# Sterling falls vs dollar, rises against euro after Western sanctions on Russia | Financial Post

> Sterling fell against the dollar but rose against the euro after Western nations imposed sanctions on Russia, including blocking certain Russian banks from SWIFT and restricting Russian central bank reserves. BP also announced it would exit its Russian oil and gas investments.

- Date: 2022-02-28 · published 2022-02-28T12:00:00.000Z
- Category: geopolitics · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/42940-sterling-falls-vs-dollar-rises-against-euro-after-western-sanctions-on-russia
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Sanctions on Russia and BP's exit add to supply disruption fears in energy and grains, supporting higher energy and feed input costs and a firmer dollar as a safe haven.

## Read by commodity

- DXY: bullish ▲
- BRENT: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-03-08 | [Oil jumps to 2022 high on Iran war, falls after close as Russia sanctions in doubt \| Reuters](https://feedsoft.ai/events/5227-oil-jumps-to-2022-high-on-iran-war-falls-after-close-as-russia-sanctions-in.md) | +9.5% | +25.6% |
| BRENT | 2025-01-17 | [International Diesel Prices Surge After U.S. Sanctions on Russia \| OilPrice.com](https://feedsoft.ai/events/11455-international-diesel-prices-surge-after-u-s-sanctions-on-russia-oilprice-com.md) | -4.1% | -8.0% |
| BRENT | 2025-10-22 | [Oil extends gains after settlement on new sanctions on Russian oil companies \| Reuters](https://feedsoft.ai/events/8131-oil-extends-gains-after-settlement-on-new-sanctions-on-russian-oil-companies.md) | +5.0% | +6.1% |
| BRENT | 2025-10-23 | [Oil futures return to structure signalling tight supply on Russia sanctions \| Reuters](https://feedsoft.ai/events/8125-oil-futures-return-to-structure-signalling-tight-supply-on-russia-sanctions.md) | +4.1% | +1.9% |
| BRENT | 2025-10-23 | [Pump prices could rise after US, EU hit Russian oil companies with new sanctions and oil spikes \| AP News](https://feedsoft.ai/events/8129-pump-prices-could-rise-after-us-eu-hit-russian-oil-companies-with-new-sanctions.md) | +4.1% | +1.9% |
| DXY | 2021-07-19 | [Canadian dollar falls by most in 13 months on rising risk aversion \| Financial Post](https://feedsoft.ai/events/46275-canadian-dollar-falls-by-most-in-13-months-on-rising-risk-aversion-financial.md) | +0.4% | +0.0% |
| DXY | 2022-02-28 | [Australian Dollar down on Russia sanctions, ignores retail sales data. RBA eyed ahead \| IG AU](https://feedsoft.ai/events/42949-australian-dollar-down-on-russia-sanctions-ignores-retail-sales-data-rba-eyed.md) | +1.2% | +0.5% |
| DXY | 2022-01-24 | [Ukraine tensions lift dollar, yuan holds firm \| Financial Post](https://feedsoft.ai/events/6266-ukraine-tensions-lift-dollar-yuan-holds-firm-financial-post.md) | +1.2% | +0.2% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/sterling-falls-vs-dollar-rises-against-euro-after-western-sanctions-on-russia

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.