Russian ruble plunges nearly 30% against the dollar amid sanctions over Ukraine invasion

Russian ruble plunges nearly 30%

• The ruble was trading as low as 119 per dollar as offshore trading started on Monday morning during Asia hours, from nearly 84 per dollar the previous day, according to Factset data.
• Russian President Vladimir Putin put his country’s nuclear deterrence forces on high alert Sunday.
• Last week, President Joe Biden reacted to the attack by announcing several rounds of sanctions on Russian banks, on the country’s sovereign debt and Putin and Foreign Minister Sergey Lavrov. 

Russian ruble plunges nearly 30% against the dollar amid sanctions over Ukraine invasion (cnbc.com)