World|business|April 10, 2018 / 05:13 PM
Russia's ruble falls to its lowest against euro and USD since 2016

AKIPRESS.COM - The Russian ruble continued to sell off Tuesday, falling to its lowest level against the dollar in around 16 months as geopolitical pressure on Moscow intensifies, Wall Street Journal reports.

Russian asset prices tumbled on Monday after the U.S. announced sanctions against Russian government officials and business magnates and President Donald Trump directly criticized Moscow for its support of Syrian President Bashar Al Assad.

On Tuesday, the ruble fell by as much as 4.1% against the dollar, after its 4% decline on Monday. It was trading at 62.6 rubles to the dollar in midday trading in Europe.

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