Russia's Ruble Crashes 10% in Two Days as Investors React to New Sanctions

Russia’s currency and stock market began the week with big losses in response to the new sanctions imposed on Russian officials with strong ties to President Putin.

The Russian ruble continued its decline in Tuesday’s Forex session, trading down 5.5% against the dollar at the lowest point of the day, before closing off with a 4% loss at a rate of 63.01 rubles per dollar:

At the height of the sell-off, the ruble was trading at a level (63.92 rubles per U.S. dollar) not seen since December of 2016.

Russia’s RTS Index was down more than 4% during the first half of the trading session, but managed to recoup most of the losses in the second half of the trading day, finishing with a small loss of 0.4%.

Image credit: 1

About Author: author Steve Toborov is the founder of, an ardent digital currency enthusiast and Forex trader. Read More...

Join him on Google+ | Twitter


  1. Good web site you have here.. It's hard to find high quality writing like yours these days.
    I really appreciate people like you! Take care!!

  2. would not surprise me to see it reach 100:1 before this month ends. Russian sanctions, russia's ties to Assad, russia spy poisoning, russian troll farm news, russian hack in germany today......Russia is becoming a pretty unpopular member of the global community.

  3. Yeah because of the western capital pigs the warlike usa shithole doesnt like that they are not the center of the universe and that no one likes them