Russian rouble plunges to record low against dollar amid Ukraine tension
Concerns over further sanctions and military intervention in Ukraine sent the Russian currency to a record low against the dollar
The Russian rouble weakened to a new low on Friday as tensions between the Kremlin and the West over Ukraine intensified.
The value of the Russian currency fell sharply in early trading with the rouble briefly hitting a record low of 37 roubles to the dollar. The currency later recovered some ground strengthening to 36.9 roubles to the dollar.
Yesterday, president Barack Obama accused Russia of “repeatedly and deliberately” violating Ukraine's territory and warned the Kremlin it faces "more costs and consequences" for assisting pro-Russian rebels. Meanwhile, Ukrainian president Petro Poroshenko accused the Kremlin of carrying out a “de facto” invasion.
Today, NATO followed suit accusing Moscow of a "blatant violation" of Ukraine's sovereignty and released satellite photographs of what it identified as Russian tanks entering Ukraine's territory.
Russia has consistently denied its involvement in eastern Ukraine, despite Western claims that it is assisting and financing the operations of pro-Moscow separatists to destabilise the government in Kiev.
Speaking at a youth forum on Friday, president Vladimir Putin denied Russia is interested in a pursuing a "large-scale conflict". The Russian leader instead blamed the Ukrainian army for acting like "Nazis in the second world war" by targeting civilians and residential areas, prompting militiamen to take action.
Olympic diver has made his modelling debut for Adidas
- 1 Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe wearing bikinis
- 2 Scottish independence: Learn from Quebec's mistakes and beware of promises. Vote Yes.
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 5 Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe wearing bikinis
Scottish independence: Final opinion polls show undecided voters could swing the result either way
Isis release 'Flames of War' video warning Obama of attacks troops could face in Iraq
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Alan Henning: British Muslim leaders unite to call on Isis to release UK hostage
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Portuguese academic says British are 'filthy, violent and drunk'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
iJobs Money & Business
£18000 - £23000 per annum + Comission: SThree: The SThree group is a world lea...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
£20000 - £25000 per annum + OTE £35,000 first year: SThree: The SThree group i...
£20 - 24k (Uncapped Commission - £35k Year 1 OTE): Guru Careers: We are seekin...