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Al Jazeera
Al Jazeera
Business

Russian rouble falls to levels seen at start of Ukraine invasion

Vendors count Russian rouble banknotes at a market in Omsk, Russia [File: Alexey Malgavko/Reuters]

The Russian rouble has reached its lowest value since the early weeks of the war in Ukraine as Western sanctions on energy exports have begun hitting the economy and weakening demand for the national currency.

On Monday, the Russian currency passed 101 roubles to the dollar, continuing a more than 25 percent decline in its value since the beginning of the year and hitting its lowest value in almost 17 months.

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