Tag Archives: ruble

Axios reports: Russia’s central bank said the Moscow Exchange wouldn’t open for stock trading through at least Thursday. The exchange has been closed since Monday. It’s the latest financial fallout of Russia’s invasion of Ukraine, which triggered massive sanctions from several other countries that have sent the ruble plummeting to record lows against the dollar. Multiple Western corporations have also …

The Associated Press reports: Ordinary Russians faced the prospect of higher prices and crimped foreign travel as Western sanctions over the invasion of Ukraine sent the ruble plummeting, leading uneasy people to line up at banks and ATMs on Monday in a country that has seen more than one currency disaster in the post-Soviet era. The Russian currency plunged about …