The Russian ruble hit new historic low, the Russian ruble traded over 82 to the US dollar and around 90 to the euro, according to the Moscow Exchange.
MOSCOW (Sputnik) The Russian ruble traded over82 tothe US dollar and around90 tothe euro inMoscow asof 08.34 pm onWednesday, downby aroundfive percent, forthe first time sinceDecember 2014, according todata provided bythe Moscow Exchange.
The fall, which has already been dubbed asthe "Black Wednesday" plunge, reflects the continuing slide inglobal oil prices that seriously hurt the oil-dependent Russian economy.
On Wednesday, Brent oil futures withsupply inMarch 2016 fell 2.99 percent to $27.9 per barrel onthe London's ICE onexpectations that Iran's return onoil markets afterthe lifting ofWestern sanctions onTehran will worsen the current oil glut even further.
By Sputnik