The ruble has already lost 20 per cent of its value against the euro and dollar since the start of the year because of the coronavirus pandemic and oil price fall. — Reuters pic
Moscow’s RTS stock exchange also fell more than three per cent after the German announcement, and by this morning had not recovered its losses. The incident has prompted calls for new economic measures against Moscow, on top of sanctions targeting whole sectors of the economy in place since Russia’s annexation of Crimea in 2014.
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