"The Ukrainian economy has been nosediving as a result of the war with pro-Russian separatists and Russian troops (who, according to the Kremlin official line, have popped in for a quick vacation invasion on their personal time). But the Russian economy isn’t far behind. The ruble has hit a record low compared to the U.S. dollar and the Euro, the FT reports:
Nato’s warning that Russia has “well over 1,000 troops” inside Ukraine raised fears of a big escalation of the crisis, and left the rouble exposed.
The currency weakened 0.4 per cent on Friday, with as many as Rbs37.0280 required to buy a single dollar. The fresh slide took the rouble’s loss over the week to 2.6 per cent against the US currency. Against the euro the rouble fell 0.3 per cent to Rbs48.61."
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