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.
- 2 Top Gear: Jodie Kidd, Philip Glenister and Guy Martin 'in advanced talks' to join show
- 3 General Election 2015: 14-year-old boy asks Nick Clegg – 'can you kill Katie Hopkins?'
- 4 University student in court for allegedly covering housemates' food in window cleaner and spit
In defence of liberal democracy
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
Andy McSmith's Sketch: Feisty audience is the real star of an enlightening show
iJobs Money & Business
£20000 - £25000 per annum + Uncapped commission: SThree: Can you speak German,...
£25000 - £30000 per annum + benefits: Ashdown Group: An exciting opportunity f...
£215 per day: Ashdown Group: Junior Project Manager (website, web application ...
£40-50K: Guru Careers: We are seeking an experienced Software Engineer / Softw...