Rouble slumps amid Ukraine violence

p20785World-News-6-1

Published: Monday 26th January 2015 by The News Editor

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The Russian rouble has fallen by more than 3% after escalated fighting in eastern Ukraine over the weekend.

The currency tumbled to 65.8 to the dollar early today from 63.7 on opening, after Western leaders announced that they were considering further punitive measures against Russia for what they say is its role in supporting the separatists in eastern Ukraine.

Russian officials blamed Ukrainian forces for an attack that left 30 dead in the city of Mariupol.

At least 4,700 people have been killed in east Ukraine since fighting began in April, but fighting this week was the most intense since a ceasefire deal was signed in September.

The Russian currency, buffeted by Western sanctions and plummeting oil prices, has already lost about half its value in the past year.

Published: Monday 26th January 2015 by The News Editor

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