You're reading: The Moscow Times: Ruble Sinks to new lows as oil prices plummet

The Russian ruble has continued its slide to dramatic lows, falling to 69 against the U.S. dollar on Dec. 7 for the first time since September, according to news reports. The euro, too, reached a two-month high, climbing to 75 rubles on Dec. 7 evening, with Russian analysts linking the ruble's downward spiral to struggling oil prices.

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