MOSCOW — Russia’s currency dropped to an all-time low against the dollar on Tuesday as investors fret about long-term economic damage from Western sanctions.The United States and the European Union last week imposed a new round of sanctions against Russia for its actions in Ukraine that consisted in, among other things, blocking off Western financial markets to key Russian companies.The Russian currency fell more than 1 percent to 38.80 rubles against the U.S. dollar by noon Moscow time Tuesday. The ruble has lost over 2.7 percent in just two days. …read more
Source: Boston Herald
