The Russian rouble has taken a nosedive to a new record low at 41 to the dollar and an unprecedented 52 to the euro.
It has taken months of hammering as investors shun Russian assets over the crisis in Ukraine and Western sanctions which have starved Russian firms of foreign currency. On top of this oil prices have dropped to multi-year lows. One Moscow resident believes America is to blame for the drop in oil prices, saying "It's some kind of new sanctions," adding, "what will hit us next?" An…
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