The Russian ruble is tumbling. The Russian ruble extended its earlier losses after US President Donald Trump tweeted about President Barack Obama’s stance on Russia with respect to Crimea.
The petro-currency is down by 1.2% at $57.8170 per dollar as of 7:55 a.m. ET.
“Crimea was TAKEN by Russia during the Obama Administration. Was Obama too soft on Russia?,” Trump tweeted around 7:42 a.m. ET.
The ruble was down by about 0.8% earlier in the morning amid weaker Brent crude oil prices, which are down by about 0.6% at $55.63.
Source: Pulse Nigeria