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 WalletFREE CPD Wallet