News > Rouble tumbles to record low as West steps up Russian sanctions

Rouble tumbles to record low as West steps up Russian sanctions

Pakki Khabar | 28/02/2022 12:24 PM | Click to read full article

Russia’s currency looks set to plummet after the West committed to cutting off a chunk of the country’s financial system from the global Swift network.

The Russian rouble tumbled to a record low against the dollar on Monday, after Western nations announced a harsh set of sanctions over the weekend to punish Russia for its invasion of Ukraine, including curbs on the country's currency reserves.