The value of the Russian ruble has sunk to new lows against the U.S. dollar and the euro, even as Moscow’s central bank raised its key interest rate again in an effort to bolster the country’s faltering economy.
The Russian currency moved above 55 rubles to the dollar for the first time Thursday, and also to new depths against the euro used in Europe’s 18-nation currency bloc.
The value of the ruble has fallen 42 percent this year. The Russian economy has been buffeted by U.S. and European sanctions imposed because of President Vladimir Putin’s intervention in Ukraine in support of pro-Russian …read more
Source: Voice of America
