16 Sep Sanctions hit Russian economy as ruble plummets
Posted at 14:34h
A plummeting ruble, rising prices and mounting economic worries are hitting Russia in the wake of a new round of sanctions imposed by the United States and the European Union over Moscow’s intervention in eastern Ukraine.
Russia’s ruble traded at 38.8 against the dollar on Tuesday, setting a new historic low. The Russian currency has now fallen as much as 19% since the start of the year.