Reuters
Rouble steadies vs dollar in Moscow, hits record low outside Russia
Russian markets took a hit after Western countries stepped up sanctions in retaliation for Russia’s invasion of Ukraine, the biggest assault on a European state since World War Two. In response, President Vladimir Putin ordered his military command to put nuclear-armed forces on high alert on Sunday. At 1240 GMT the rouble was trading at 98 to the U.S. dollar, down 18% from Friday’s close, and at 100.10 per euro, 7.6% lower, with central bank selling of foreign currency set to limit its losses in Moscow trade.
