Rouble plunges 30 per cent as Moscow markets freeze on sanctions stress

Russians line up at banks as ruble plunges, interest rates jump and sanctions bite

Russia’s central bank has sharply raised its key rate to 20% from 9.5% in an attempt to shore up the plummeting ruble and prevent a run on banks.

Ruble plummets as Western sanctions on Russia take effect

The ruble plunged nearly 30% against the US dollar, trading as low as 119 per dollar as markets opened Monday after Western sanctions in response to Russia’s invasion of Ukraine came into force.

Ruble plummets as sanctions bite, sending Russians to banks

Ordinary Russians are facing the prospect of higher prices as Western sanctions over the invasion of Ukraine sent the ruble plummeting.

Ruble plummets as sanctions bite, sending Russians to banks

By VLADIMIR ISACHENKOV, DAVID McHUGH and KEN SWEETMOSCOW (AP) — Ordinary Russians faced the prospect of higher prices and crimped foreign travel as Western sanctions over the invasion of Ukraine sent the ruble plummeting, leading uneasy people to line up at banks and ATMs on Monday in a country that has seen more than one currency disaster in the post-Soviet era.The Russian currency plunged about 30% against the U.S. dollar Monday after Western …

Ruble plummets as sanctions bite, sending Russians to banks

By VLADIMIR ISACHENKOV, DAVID McHUGH and KEN SWEETMOSCOW (AP) — Ordinary Russians faced the prospect of higher prices and crimped foreign travel as Western sanctions over the invasion of Ukraine sent the ruble plummeting, leading uneasy people to line up at banks and ATMs on Monday in a country that has seen more than one currency disaster in the post-Soviet era.The Russian currency plunged about 30% against the U.S. dollar Monday after Western …

Ruble Plummets as Sanctions Bite, Sending Russians to Banks

Ordinary Russians faced the prospect of higher prices and crimped foreign travel as Western sanctions over the invasion of Ukraine sent the ruble plummeting, leading uneasy people to line up at banks and ATMs on Monday in a country that has seen more than one currency disaster in the post-Soviet era. The Russian currency plunged about 30% against the U.S. dollar Monday after Western nations announced moves to block some Russian banks from the SW…