Russian Ruble Passes 80 To U.S. Dollar, Historic Milestone As Oil Tumbles
The Russian currency hit a historical low Wednesday as it went through 80 to the U.S dollar for the first time since the 1998 currency crisis. The ruble’s extended slide has occurred in sync with the decline in the price of oil, Russia’s chief export, reducing the Kremlin’s spending power and causing problems for President Vladimir Putin.
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