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Ruble Falls to Record as Ukraine Fighting Fans Risk of Sanctions

Russian Foreign Minister Sergei Lavrov
Russian Foreign Minister Sergei Lavrov said today in Moscow, while Russia won’t intervene militarily in Ukraine, it’s unrealistic to demand that rebels put down arms. Photographer: Alexander Zemlianichenko Jr./Bloomberg

Sept. 1 (Bloomberg) -- RUB fell to record vs USD for 2nd day, stocks declined as threat that Russia will face tougher sanctions amid intensified fighting in Ukraine outweighed negotiations to end the conflict. * RUB -0.3% to 37.2505 per dollar at 6 p.m. in Moscow, after

weakening earlier to as low as 37.51; yield on 10-year

Russian local-currency securities +3bps to 9.83%; Micex

Index of equities lost 0.5% for third day of declines * Representatives from Russia, Ukraine, OSCE and Ukrainian

separatists met in Belarus for consultations on restoring

peace, helping trim the ruble’s drop of as much as 1% * Ukraine claimed about 1,600 Russian soldiers were advancing

into the country’s southeast, while EU governments agreed to

impose new sanctions on Russia if the conflict that’s killed

almost 2,600 people worsens * Story Link:NSN NB8BXU6VDKHT<GO>

For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>

To contact the reporter on this story: Madeleine Lim in New York at +1-212-617-2296 or mlim131@bloomberg.net To contact the editors responsible for this story: Madeleine Lim at +1-212-617-2296 or mlim131@bloomberg.net

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