Russian Ruble Sinks To Record Low Against U.S. Dollar
February 27 2022 - 8:44PM
RTTF2
The Russian Ruble plunged against the U.S. dollar in Asian
trading on Monday, after Western nations intensified sanctions
against Russia amid an escalation of conflict in Ukraine.
Sanctions included cutting key Russian banks out of the SWIFT
financial messaging system, as well as banning the transactions of
Russia's central bank and freezing all its assets.
Russian President Vladimir Putin decided to put the country's
deterrence forces, which includes nuclear arms, on high alert, in
response to the Western sanctions for his attack on Ukraine.
NATO Secretary General Jens Stoltenberg said that Putin's recent
statements are not only threatening Ukraine, but also threatening
its allied countries.
The Russian rouble plunged to a record low of 105.98 against the
greenback from Friday's close of 83.90.
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