Rouble tumbles after Russia-backed rebels in eastern Ukraine announce evacuations

[Yo_Mama_Been_Loggin]

MOSCOW (Reuters) -The rouble weakened on Friday, tumbling past 77 to the dollar after Russian-backed separatists announced the sudden surprise evacuation of their breakaway regions in eastern Ukraine, spooking already jittery markets.

Russia has repeatedly rejected Western assertions that it may be planning to invade neighbouring Ukraine, but its assets have been hammered by fears of a military conflict that would almost certainly trigger sweeping new Western sanctions against Moscow.

By 1651 GMT, the rouble was 1.3% weaker against the dollar at 77.29, slipping sharply from a session-high of 75.63 after the self-proclaimed regions of Donetsk and Luhansk announced evacuation plans. The rouble extended losses on reports of a car being blown up in Donetsk.

-snip-

Against the euro, the rouble slipped 1.1% to 87.54.

https://finance.yahoo.com/news/rouble-pares-gains-russia-backed-140558419.html

[roamer65]

1. We should crash it if they invade.

Concerted ECB, BoJ and Fed operations to drive it into the ground.

The military will hate being paid in worthless currency.

[Disaffected]

2. Yes, it's time to play hardball with those a-holes.

The west should cut off all commercial & military imports/exports (especially the gas pipelines), remove them from the international banking system and cut off their internet access as much as is possible.