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

Summary by Ground News

Videos from Russia showed long lines of Russians trying to withdraw cash from ATMs. The Russian Central Bank issued a statement calling for calm, in an effort to avoid bank runs. Visa and Mastercard were no longer being accepted for those with international bank accounts. World powers move to block some Russian banks from global SWIFT transaction system.

5 months ago·Moscow, Russian Federation

News Articles

More Filters

All

Left

Center

Right

BBC News

Ukraine conflict: Russia doubles interest rate after rouble slumps

The Russian currency sinks to a record low against the dollar after Western countries impose new sanctions.

5 months ago·United Kingdom

Read Full Article

Reuters

Battered rouble puts brakes on slide in Moscow, hits record low outside Russia

The Russian rouble tumbled to a record low in extremely volatile trade on Monday, losing a third of its value so far this year, but an emergency rate hike and other urgent measures adopted by the central bank helped it trim losses.

5 months ago·United Kingdom

Read Full Article

The Guardian

Russian rouble crashes as the west's sanctions make their mark | First Thing

Central bank more than doubles interest rates in effort to protect currency and economy. Plus, Patrisse Cullors on co-founding Black Lives Matter

5 months ago·London, United Kingdom

Read Full Article

CBC News

Ruble plummets as banks around the world, including in Canada, freeze Russia out | CBC News

The ruble plunged to a record low of less than one U.S. cent and most global stock markets declined Monday after Western nations moved to block some Russian banks from a global payments system.

5 months ago·Canada

Read Full Article

The Hindu

Ruble dives, stocks sink as West tightens Russia sanctions

The ruble has plunged against the U.S. dollar after Western nations moved to tighten sanctions against Russia, blocking some of its banks from the SWIFT global payments system

5 months ago·India

Read Full Article