Russian ruble drops to historic low amid sanctions

Published



MOSCOW (AP) — Russia’s currency dropped to an all-time low against the dollar on Tuesday as investors fret about long-term economic damage from Western sanctions.

The United States and the European Union last week imposed a new round of sanctions against Russia for its actions in Ukraine that consisted in, among other things, blocking off Western financial markets to key Russian companies.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.