Ruble-Dollar Exchange Rate Plummets to 37 Over Threat of New Western Sanctions | Business | RIA Novosti:
"The ruble plummeted in early Friday trading on the currency exchange market in Moscow over the threat of possible new western sanctions because of the situation in Ukraine, dipping to 37 rubles to the dollar, according to Moscow Exchange statistics.
As of 10:22 a.m. Moscow time (06:22 GMT), the ruble dropped by 26 kopeks to 37.01 to the dollar. The exchange rate for the euro also dropped to 48.72 rubles to the euro.
US President Barack Obama and German Chancellor Angela Merkel believe that the United States and the European Union need to look at possibly introducing wider sanctions against Russia over the situation in Ukraine, the White House said Friday."
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