The Russian ruble is under huge selling pressure amid a new round of sanctions against Moscow announced by the US last week and the escalating Syria crisis which caused the Russian currency to levels last seen in 2016.
Every war has economic impacts. Escalating the conflict in Syria, a multi-sided proxy war involving multiple regional and global powers, will have broad consequences. Higher oil prices may be among the outcomes.
Black Monday was followed by an even blacker Tuesday. Sparked by new US sanctions, Russia's stock market looks unlikely to recover from its crash anytime soon. What does it mean for everyday people?
The Russian ruble has continued its downslide days after the US imposed sanctions on another group of Russian tycoons. Officials in Moscow have been out to calm markets, saying the fall is only temporary.
The ruble has experienced its biggest one-day fall for over two years and stocks in major Russian companies also slid, as investors reacted to a new round of US sanctions targeting some of Russia's biggest tycoons.
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