Monday, February 28, 2022

Russian rouble plunges to record low amid outrage over Ukraine | Al Jazeera

The Russian rouble plummeted to a record low against the dollar on Monday amid an accelerating Western-led campaign to punish and isolate Moscow over its invasion of Ukraine.

Investors flocked to safe-haven currencies, including the US dollar and yen, after Russian President Vladimir Putin put nuclear-armed forces on high alert on Sunday, the fourth day of the biggest assault on a European state since World War Two.

The United States, European Union, United Kingdom, Japan, Canada and Australia have announced a raft of sanctions to punish Russia in recent days amid growing international outrage over Russian President Vladimir Putin’s military offensive against Kyiv.

The measures include blocking some banks from the SWIFT international payments system, preventing Russia’s central bank from using its foreign reserves, banning broadcasts of Russian state media, and restricting Russian flights from European airspace.

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