Russian Markets Plummet on US Moves to Impose More Sanctions

(From RadioFreeEurope/RadioLiberty)

The U.S. announcement of new sanctions against Moscow over its alleged use of a chemical weapon against a Russian ex-spy has roiled global markets and helped send the Russian ruble, bonds, and stocks plummeting.

The Russian currency dropped 3.1 percent to 65.55 per dollar, the lowest level since November 2016, after the announcement late on August 8, and the currency’s downward spiral continued in Asian trading early on August 9.

Click here for article.