Ukraine crisis: Russian ruble hits 30% low after latest sanctions.


Russia’s ruble plunged nearly 30 per cent against the dollar Monday after world powers imposed fresh, harsher sanctions on Moscow over its invasion of Ukraine.

 

According to Bloomberg News, the ruble was indicated to be down 27 per cent at 114.33 per dollar in offshore trading.

 

The United States and European Union said they would exclude some Russian banks from the international bank payments system SWIFT and personally targeted Russian President Vladimir Putin and Foreign Minister Sergei Lavrov. They also banned all transactions with Russia’s central bank.

 

Meanwhile, the G7 nations Canada, France, Germany, Italy, Japan, Britain and the United States have warned they would “take further steps” to add to the sanctions already announced if Russia did not cease its operation.

 

Comments

Post a Comment

Popular posts from this blog

Assembly Poll: Gov Diri Galvanises Support for KOLGA PDP Candidates

Image
Ahead of Saturday’s House of Assembly election in the state, Bayelsa State Governor, Senator Douye Diri, has urged the people of Kolokuma/Opokuma Local Government Area to vote massively for the Peoples Democratic Party (PDP) candidates. Governor Diri made the call on Thursday when he embarked on town hall meetings in  various communities in the local government area to galvanise support for his party’s candidates.  He thanked the people for voting massively for the PDP’s candidates in the February 25 Presidential and National Assembly elections. Senator Diri noted that Bayelsa is a stronghold of the PDP as attested to by the results of the February 25 election that the candidates of the party clinched seven of the eight National Assembly seats with one still pending.  He implored the people to re-enact the feat in the 24 constituencies in the state, including the two in KOLGA on Saturday. At Okoloba/Sabagriea and Opokuma communities, while lending his support to the candi...
Read more

Conduct Credible LG Poll, Gov Diri Charges Electoral Commission *Also Inaugurates Civil Service Commission, State, LG Auditors-General

Image
Bayelsa State Governor, Senator Douye Diri, has tasked new members of the Bayelsa State Independent Electoral Commission (BYSIEC) to conduct credible local government election that will be a reference point in Nigeria. The governor also urged the commission to exercise its independence. Governor Diri gave the charge on Wednesday when he swore in chairman and members of the commission and that of the Bayelsa State Civil Service Commission. Also sworn in were the state’s Auditor-General, his local government counterpart as well as a member of the Judicial Service Commission. The ceremony took place inside the Executive Council Chambers of the Government House in Yenagoa. The governor in a statement by his Chief Press Secretary, Daniel Alabrah, said the appointments were based on merit and the individuals’ track record of achievements.  He said he had no doubt that with the appointees’ wealth of experience, they would add value to the government and people of the state.  He charg...
Read more

Bayelsa: PDP receives more APC defectors from Nembe LGA.

Image
The Bayelsa State Chapter of the Peoples Democratic Party (PDP) over the weekend, received another batch of defectors from the opposition  of the All Progressives Congress (APC) The decampees from Agrisaba in Nembe Local Government Area led by Comrade Ebinabo Jumbo, explained that their decision to leave the APC for the PDP was largely informed by Governor Diri's disposition towards the unity and development of the state. Comrade Jumbo noted that in less than two years in office, the prosperity administration under Governor Diri had shown genuine commitment to good governance through its people-oriented policies, programmes and development projects in an unbiased manner. Another reason for their defection to the PDP, according to Jumbo, is that it has become crystal clear to them that the APC has no direction and vision for Bayelsa. The former APC stalwart said he and his teeming supporters worked for the party for several years and have realized that the APC only thrives on decept...
Read more