The ruble weakened against both the dollar and the euro on Monday, extending a dramatic slide that has seen the currency reach new record lows, after Moody's downgraded Russia's sovereign debt rating.
Russia's War Against Ukraine
Reuters: Russian ruble moves lower after Moody’s rating cut
Russia's Finance Minister Anton Siluanov (L) and Economic Development Minister, Alexei Ulyukayev, attend a meeting in the Kremlin in Moscow, on Dec. 25, 2013.
