Ruble Follows Oil Lower as Russia-Turkey Tension Risks Simmer

Updated on
  • Correlation to oil closest in a week as Brent declines
  • Russian government eyes economic measures to respond to Turkey

Is Doing Business With Russia Ever Easy?

A decline in oil prices pulled the ruble lower as the currency’s link to the nation’s biggest export strengthened amid continued tension over the downing of a Russian war jet by Turkey.

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