The ruble slid to a new record low of 39.71 against the dollar Tuesday. The Russian Central Bank has been quick to quash fears it would re-introduce capital controls to limit the amount of foreign currency purchases, or even moved outside the country.
The Russian ruble fell to a new record low against the US dollar, passing the 38 units to the dollar benchmark, after the EU and US rolled out new sanctions paired with dropping oil prices. Investors are uneasy on what Russia’s response will be.
With less than two weeks to go to a Scottish referendum on independence from the United Kingdom, the number of voters indicating that they will vote ‘yes’ to independence has surged ahead for the first time, with 51% for as compared to 49% against.
The US and the EU are no longer in a position to make grandiose, unconditional threats of imposing new sanctions on Russia, as such a move will negatively reflect on stock markets around the world, US republican politician John Griffin told RT.
Surging support for Scottish independence saw the pound fall to a 10-month low. The head of the ‘Better Together’ campaign, however, denies panic among the ranks despite a plan to grant Scotland more powers if Scots reject independence.