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Ruble Weakens as Cease-Fire Agreement in Ukraine Ends

July 1, 2014 at 17:13 by Vladimir Vyun

Russian 5,000-ruble banknotesThe Russian ruble fell today as a cease-fire agreement between the Ukrainian government and pro-Russian separatists ended, and this may lead to additional sanctions from the United States and the European Union against Russia.

Ukrainian President Petro Poroshenko announced yesterday that the cease-fire agreement with separatists ended. Both sides blame each other for violations of the deal, but what is important is that the conflict resumed. The USA blame Russia for igniting the anti-government sentiment and threaten to impose additional sanctions.

USD/RUB was up from 33.9851 to 34.3623 as of 17:13 GMT today.

If you have any questions, comments, or opinions regarding the Russian Ruble, feel free to post them using the commentary form below.

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