Saturday, November 1, 2014
 
Follow sptimesonline on Facebook Follow sptimesonline on Twitter Follow sptimesonline on RSS Download APP
MOST READ



PARTNER NEWS



BLOGS



OPINION



WHERE TO GO?

19th Century Portraits

History of St. Petersburg Museum: Rumyantsev Mansion

 

Перевести на русский Перевести на русский Print this article Print this article

Ruble Plunges to Historical Low Over Ukraine Tensions

Published: August 30, 2014 (Issue # 1826)



  • The ruble weakened to its lowest level against the U.S. dollar on Friday.
    Photo: Denis Abramov / Vedomosti

The Russian currency weakened Friday to its lowest level against the U.S. dollar since records began as evidence mounted of direct Russian military involvement in an escalating conflict in Ukraine.

The value of the ruble dropped sharply after trading opened in Moscow and by 10:27 a.m. a dollar was worth 37.01 rubles — passing the 37-ruble mark for the first time ever.

The currency later reversed initial losses and was trading around 36.9 rubles by midday, according to data from The Moscow Exchange.

The historical low comes amid multiplying indicators that the Russian military is directly engaged in supporting separatists in the ongoing civil war in Eastern Ukraine.

Moscow stock exchanges and the ruble plunged Thursday as Ukrainian President Petro Poroshenko accused Russia of a "direct invasion" and the North Atlantic Treaty Organization released photographs allegedly showing Russian armored columns inside the former Soviet country.

The ruble has weakened steadily since the end of 2013, with the previous record low being set in March as the Kremlin annexed the southern Ukrainian Black Sea region of Crimea.





 


ALL ABOUT TOWN

Saturday, Nov. 1


The men and women who dedicate their lives to fitness get their chance to compete for the title of best body in Russia at today’s Grand Prix Fitness House PRO, the nation’s premier bodybuilding competition. Not only will men and women be competing for thousands of dollars in prizes and a trip to represent their nation at Mr. Olympia but sporting goods and nutritional supplements will also be available for sale. Learn more about the culture of the Indian subcontinent during Diwali, the annual festival of lights that will be celebrated in St. Petersburg this weekend at the Culture Palace on Tambovskaya Ul. For 100 rubles ($2.40), festival-goers listen to Indian music, try on traditional Indian outfits and sample dishes highlighting the culinary diversity of the billion-plus people in the South Asian superpower.



Sunday, Nov. 2


Check out the latest video and interactive games at the Gaming Festival at the Mayakovsky Library ending today. Meet with the developers of the popular and learn more about their work, or learn how to play one of their creations with the opportunity to ask the creators themselves about the exact rules.



Monday, Nov. 3


Non-athletes can get feed their need for competition without breaking a sweat at the Rock-Paper-Scissors tournament this evening at the Cube Bar at Lomonosova 1. Referees will judge the validity of each matchup award points to winners while the city’s elite fight for the chance to be called the best of the best. Those hoping to play must arrange a team beforehand and pay 200 rubles ($4.80) to enter.



Tuesday, Nov. 4


Attend the premiere of Canadian director Xavier Dolan’s latest film “Mommy” at the Avrora theater this evening. The fifth picture from the 25-year-old, it is the story of an unruly teenager but the most alluring (or unappealing) aspect is the way the film was shot: in a 1:1 format that is more reminiscent of Instagram videos than cinematic art. Tickets cost 400 rubles ($9.60) and snacks and drinks will be available.



Times Talk