Russia: Ruble weakens first day in three as oil adds to sanctions risks
20 Oct 2016

The ruble retreated for the first day in three as oil dropped and the European Union weighed penalties against the recession-hit nation over its conduct in Syria’s civil war.

The Russian currency weakened 0.3 percent to 62.4625 against the dollar by 1:33 p.m. in Moscow. The benchmark Micex equity gauge retreated 0.1 percent as oil also dropped for the first time in three trading sessions, losing 1 percent to $52.15 a barrel.

The European Union is considering sanctions against Russia over Syria, joining the U.K. and the U.S. in weighing additional penalties, according to draft conclusions from a two-day meeting of EU leaders in Brussels.

Count this content towards your CPD minutes, by signing up to our CPD Wallet


You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.