Ruble Fall

From the MT:
"Ruble Experiences Biggest One-day Fall Since 2016"

Russia's ruble experienced its biggest one-day fall for over two years on Monday and stocks in major Russian companies also slid, as investors reacted to a new round of U.S. sanctions targeting some of Russia's biggest tycoons. The sanctions, announced on Friday, target officials and businesspeople around President Vladimir Putin in an aggressive response to alleged Russian meddling in the 2016 U.S. election. The impact of the new sanctions could threaten Russia's fragile economic recovery, which was only just beginning to take hold after the first major wave of sanctions against Russia, introduced in response to Moscow's annexation of Crimea in 2014. Russia's currency plunged to its lowest level since November last year, trading at 60.24 to the dollar. That was its biggest fall in a single day since January 2016. Kremlin spokesman Dmitry Peskov said Moscow was watching events on the markets closely but that an assessment of the impact of the sanctions would take time. "The situation is pretty egregious from the point of view of legality, it tramples on all kinds of norms, and so a thorough analysis is necessary," Peskov said.

^It's important to show the Russian Government that the United States does not accept that Russia has free reign over the world as they have tried to do (in Crimea, in the Donbas, in Abkhazia, in South Ossetia, in Syria, in the US, in the UK, etc.) Rather than getting into an armed-conflict with Russia the US is literally hurting those people who influence the decision-making process for the Russian Government. Those individuals affected by these latest sanctions literally lost billions of Dollars overnight. The fact that the Russian Ruble is also falling is sad - since it will hurt ordinary Russian citizens who are already struggling from the economic problems when Russia annexed Crimea in 2014. Maybe this will be a watershed point for the ordinary Russians to show that the Russian Government should finally focus on improving the everyday lives of people within Russia rather than being an aggressor-state around the world. Russia (in Czarist and in Soviet times) tried that and both times their Empire/Country collapsed. I don't believe three times the charm on this one. ^

https://themoscowtimes.com/news/ruble-experiences-biggest-one-day-fall-since-2016-61099