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According to the report the Russian Ruble is down 27 percent at 114.33 per dollar in offshore trading.

According to the report the ruble is down 27 percent at 114.33 per dollar in offshore trading.

Russia's ruble fell nearly 30% against the dollar on Monday after world powers imposed new, harsher sanctions on Moscow in response to its invasion of Ukraine.

According to the report, the ruble is down 27 percent at 114.33 per dollar in offshore trading.

The United States and the European Union announced that some Russian banks would be barred from using the international bank payment system SWIFT, and they specifically targeted Russian President Vladimir Putin and Foreign Minister Sergei Lavrov. In addition, all transactions with Russia's central bank were prohibited.

Meanwhile, the G7 countries – Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States – warned that if Russia did not halt its operations, they would "take further steps" to add to the sanctions already announced.

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