Russia Not Expected to Stand Up for Tanking Ruble Amid Sanctions 1 234 567

Russia Not Expected to Stand Up for Tanking Ruble Amid Sanctions

voanews.com

A threat of more U.S. sanctions has sent the ruble tumbling to its weakest since mid-2016 but authorities are not expected to leap to the currency’s defense after weathering a similar storm in April, analysts said.The ruble crashed to 67.67 versus the dollar on Friday, losing more than 6 percent of its value in just one week, as the United States said it would impose fresh sanctions against Moscow.The ruble’s slide was akin to its drop in April when, also battered by sanctions from...

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