Ruble Falls on U.S. Sanctions Bill Targeting Russian Debt

[TomSea]

Ruble Falls on U.S. Sanctions Bill Targeting Russian Debt

The Russian ruble slumped towards two-week lows on Thursday after U.S. senators proposed sanctions on Russia's new sovereign debt.

In an attempt to raise pressure on Russia, particularly in response to Moscow's alleged meddling in U.S. elections, the new bill called for "sanctions with respect to transactions relating to new sovereign debt of the Russian Federation."

Mosow has repeatedly denied any wrongdoing or interfering in the U.S. elections.

Read more at: https://themoscowtimes.com/news/ruble-falls-on-us-sanctions-bill-targeting-russian-debt-62432