Friday, 10 August 2018

Russia not expected to stand up for tanking rouble amid sanctions - The Peninsula Qatar

Russia not expected to stand up for tanking rouble amid sanctions - The Peninsula Qatar:

A threat of more U.S. sanctions has sent the rouble tumbling to its weakest since mid-2016 but authorities are not expected to leap the currency's defence after weathering a similar storm in April, analysts said.

The rouble crashed to 67.67 versus the dollar on Friday , losing more than 6 percent of its value in just one week, as the United States said it would impose fresh sanctions against Moscow.

The rouble's slide was akin to its drop in April when, also battered by sanctions from Washington, it lost 12 percent in just a few days.

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