Russian rouble sinks in offshore trade as bids evaporate
LONDON (Reuters) -Russia’s rouble fell sharply in thin trading on Monday to a fresh record low, with local markets closed for trading until at least Wednesday. The rouble has lost nearly 50% of its value against the greenback since the start of the year, with losses sharply accelerating since Russia invaded Ukraine on Feb. 24, a move that sparked sweeping sanctions from various governments across the world. On the EBS trading platform, the rouble weakened as far as 160 to the dollar, or more than 22%, and was recently traded at 145, down 14.5% on the day.
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