Ruble Lags Brent by Most Since '09 as Sanctions Thicker Than Oil
(Bloomberg) -- Sanctions, and missile threats, are carrying more weight than oil.
The Russian ruble is down about 10 percent relative to the U.S. dollar so far this week, despite a rise of about 7 percent in front-month Brent futures. This 17 percentage-point gap would be the petrocurrency’s largest underperformance versus Brent since January 2009.
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