The ruble weakened in thin holiday trading as elections organized by pro-Russian rebels in eastern Ukraine threatened to undermine a fragile peace in the region.
Russia's War Against Ukraine
Bloomberg: Ruble drops as Ukraine rebel elections spur sanction speculation
The ruble has been plunging as capital flees the country, even as the central bank increases interest rates, amid a standoff with the US and its allies over President Vladimir Putin's actions in Ukraine.
