The ruble and Russian stocks fell sharply on Monday, following a return to full-scale warfare in eastern Ukraine and threats of further Western sanctions against Russia.
At 10:25 EST (1525 GMT), the ruble was down 3 percent against the dollar to 66.23 and 3.5 percent weaker against the euro at 74.71.
Russian stocks were also down, with the ruble-based MICEX 2 percent lower at 1,639 points and the dollar-based RTS down 5 percent at 780 points.
Ukraine said on Monday that Russian-backed rebels were pushing forward with a new offensive, underscoring the final collapse of a flimsy cease-fire agreed last September.
This follows the …read more
Source: Voice of America
