Russian ruble dives nearly 30% against the dollar amid sanctions over Ukraine invasion
The ruble was trading as low as 119 per dollar as offshore trading started on Monday morning during Asia hours, from nearly 84 per dollar the previous day, according to Factset data.Last week, President Joe Biden responded to Russia's unprovoked attack on Ukraine by announcing several rounds of sanctions on Russian banks, on the country's sovereign debt and Putin and Foreign Minister Sergey Lavrov.
The ruble was trading as low as 119 per dollar as offshore trading started in the morning during Asia hours, from nearly 84 per dollar the previous day, according to Factset data.On Sunday, after days of air, sea and land assault on Ukraine, Russian President Vladimir PutinRussia's advance into Ukraine continues but Ukraine retains control of its capital Kyiv and its second-biggest city, Kharkiv.
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