Featured Metro World News

Ukraine crisis: Russian ruble hits 30% low after latest sanctions

Russia’s ruble plunged nearly 30 per cent against the dollar Monday after world powers imposed fresh, harsher sanctions on Moscow over its invasion of Ukraine.

The ruble was indicated to be down 27 per cent at 114.33 per dollar in offshore trading, according to Bloomberg News.

The United States and European Union said they would exclude some Russian banks from the international bank payments system SWIFT and personally targeted Russian President Vladimir Putin and Foreign Minister Sergei Lavrov. They also banned all transactions with Russia’s central bank.

Meanwhile, the G7 nations — Canada, France, Germany, Italy, Japan, Britain and the United States — warned they would “take further steps” to add to the sanctions already announced if Russia did not cease its operation.

Related posts

Petroleum Minister commits to partnership with NIPetE  

Editor

NEMA receives 160 Nigerians from Libya

Editor

Lagos govt opens up on COVID-19 vaccines side effect

Our Reporter

Etisalat/Keystone Bank Saga: Keyamo wants Atiku Abubakar, PDP to apologise to Buhari, Nigerians

Editor

How to safeguard billions of dollars invested in railway

Our Reporter

NNPC Seeks $1bn in Oil Prepaid Deal to Revamp Refinery

Our Reporter