Russian ruble broke the psychological mark of 70 rubles a dollar following the oil price

Russian ruble renewed the historical record of devaluation since 1998

Today, on the Moscow Stock Exchange Russian ruble dropped below the psychological mark of 70 rubles a dollar, the euro exceeded 77 rubles, Joinfo.ua reports.

The euro rose to 77.14 rubles – 1.51 rubles higher than in the previous session, the dollar rose for 85 cents, reaching 70 rubles.

Russian currency dropped following the oil prices. So, on Friday Brent fell below $38 a barrel for the first time since 2008. The U.S. crude futures fell below $40 on Monday after OPEC.

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