The Russian ruble hit record lows on Monday while world stocks slid and oil prices jumped after the West ramped up sanctions against Moscow over its ...
read more read more The ruble fell to 101.40, down about 20% on the day. read more U.S. oil settled up 4.5% at $95.72 a barrel, after topping $100 last week, their highest since 2014. read more Markets are likely to remain choppy in the near term, analysts said. MSCI's all-country world equity index (.MIWD00000PUS) closed down 0.077%. read more Authorities ordered exporting companies to sell 80% of their foreign revenues as the ruble slid as much as 32% before recouping some losses. Russia's central bank hiked its key interest rate to 20% from 9.5% and introduced some capital controls to bolster the ruble and fight inflation.