Support The Moscow Times!

Russia's Ruble Reaches New Historic Low as EU Follows Through on Sanctions

A board displaying currency exchange rates is reflected in a shop window in central Moscow, Aug. 29, 2014. Sergei Karpukhin

The Russian ruble reached a new historic low against the dollar on Thursday, shortly after British Prime Minister David Cameron said the European Union would introduce new sanctions against Russia on Friday.

At 3.08 p.m. GMT the ruble was trading at 37.54, slightly weaker than its previous historic low of 37.51 hit on Sept 1.

Correction: Due to an editing error, an earlier version of this article said the ruble was trading at 31.54 at 3.08 p.m.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.