Skip to Content

Ruble drops to pre-conflict value against dollar

KIFI

MOSCOW (AP) — The ruble has fallen against the U.S. dollar to the value it held just before Russia sent troops into Ukraine more than a year ago. The rate of 81.375 to the dollar at the end of Thursday’s trading continued a slow but steady decline that begin in mid-January. It reflects persisting concerns about Russia’s longterm economic prospects amid international sanctions, a European Union ban on seaborne oil exports and the wide-ranging departure of Western companies from Russia. The ruble lost about half its value in the early days of the Ukraine conflict but recovered after Russia enacted capital controls and even gained substantial value. In June, it was trading at about 52 to the dollar.

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content