Russian Ruble Drops to Historic Low Amid Sanctions

September 16, 2014 11:53 AM

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Russia's currency dropped to an all-time low against the dollar on Tuesday as investors fret about long-term economic damage from Western sanctions.

The United States and the European Union last week imposed a new round of sanctions against Russia for its actions in Ukraine that consisted in, among other things, blocking off Western financial markets to key Russian companies.

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