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Ruble slumps in MICEX trading as West slaps new sanctions against Russia

July 17, 2014, 13:59 UTC+3 MOSCOW
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MOSCOW, July 17 /ITAR-TASS/. The Russian currency slumped to 35 rubles to the US dollar in foreign exchange trading at the Moscow Exchange on Thursday after the West imposed fresh sanctions against Russia over its Ukraine’s policy.

The national currency reached the 35-ruble level for the first time since June 5.

The US government has announced new sanctions against Russia over the events in Ukraine. The penalties will apply to individuals and companies both in Russia and Ukraine.

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