(Bloomberg) — The ruble tumbled the most since March 2020 after President Vladimir Putin recognized self-declared separatist republics in east Ukraine, deepening a standoff with the West.
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The ruble weakened beyond 80 per dollar during Putin’s televised address to Russians late Monday and stocks slumped as much as 18% in evening trading. Earlier in the day, the benchmark MOEX Russia equity index closed its main trading session down 11%, the biggest drop since…
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