Economics
Russian Ruble Leads World Currency Losses on New U.S. Sanctions
- U.S. sanctions Russia over nerve-agent attack on ex-spy in U.K
- Local media cites separate bill seeking ‘crushing sanctions’
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The ruble led world currency losses and Russian bonds slumped with stocks after the U.S. announced new sanctions over the nation’s use of chemical weapons, heightening concern about further penalties.
The currency sank to the lowest since November 2016 after the U.S. sanctioned Russia over a nerve-agent attack in the U.K. It extended a decline that began earlier Wednesday after Russian media published the full text of a separate bill in Washington seeking “crushing sanctions” for election meddling.