Ruble Sinks Most in 2 Weeks as Stocks Slide on Ukraine Fighting - Bloomberg:
"The ruble tumbled the most in two weeks and stocks slid for the first time in four days on concern escalating bloodshed in Ukraine will lead to tougher sanctions against Russia.
The ruble headed for its weakest close in more than a month, sliding 2.3 percent to 65.7265 by 11:28 a.m. in Moscow as oil dropped and fighting spread along a front line in eastern Ukraine between pro-Russian rebels and government troops. Bonds retreated, snapping three days of gains.
Slumping oil prices and penalties over Russia’s role in the Ukraine conflict, where the death toll has climbed to more than 5,000, have pummeled the ruble and left the economy of the world’s biggest energy exporter teetering on the brink of a recession. The U.S. will “ratchet up pressure” on Russia after a rocket attack on the port city of Mariupol on Saturday, U.S. President Barack Obama said at a news conference in New Delhi on Jan 25."
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