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.
- 1 Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
- 2 The truth about 'girl things': Three cheers for Heather Watson's honesty
- 3 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 5 Men behaving badly: Urinating while standing, 'manspreading' and the gendering of selfishness
Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
Edgar Froese dead: Tangerine Dream founder dies aged 70
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Syrian refugee child beaten by Istanbul Burger King manager for eating customer’s leftover food
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign
British Muslim leaders outraged after Eric Pickles says followers of Islam should 'prove their identity'
UK terror fears: My jihadist son returned from Syria mentally scarred – now he is being ignored
Nigel Farage: NHS might have to be replaced by private health insurance
Billy Crystal: 'Stop shoving gay sex scenes in my face'
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
iJobs Money & Business
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...
£16000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...
£45000 - £47000 per annum + bonus + benefits: Ashdown Group: Java Developer / ...
£35000 - £38000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...