The Traderszone Network

Published in TZ Latest News 28 August, 2014 by The TZ Newswire Staff

Russia Trades Oil For Rubles – Does The Market Care?

Russian relations with the West frayed even thinner Thursday, as North Atlantic Treaty Organization officials reported direct assaults by Russian forces on the Ukrainian military. A U.S. State Department spokesman on Wednesday said military movements assisting Ukraine’s rebels “indicate a Russian-directed counteroffensive.” The news sent the ruble to its lowest level against the dollar since March. Moscow’s benchmark Micex index dropped 1.7%.

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