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Ruble drops to pre-conflict worth in opposition to greenback

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The ruble has fallen in opposition to the U.S. greenback to the worth it held simply earlier than Russia despatched troops into Ukraine greater than a yr in the past

MOSCOW — The ruble fell in opposition to the U.S. greenback in Thursday buying and selling to the worth it held simply earlier than Russia despatched troops into Ukraine greater than a yr in the past.

The speed of 81.375 to the greenback on the finish of the day continued a gradual however regular decline that started in mid-January. It mirrored persisting considerations about Russia’s long-term financial prospects amid worldwide sanctions, a European Union ban on seaborne oil exports and the wide-ranging departure of Western firms from Russia.

The ruble misplaced about half its worth in a plunge within the early days of the Ukraine battle however recovered after Russia enacted capital controls and even gained substantial worth. In June, it was buying and selling at about 52 to the greenback.

The ruble has dropped about 35% in worth since mid-January.

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