The ruble extended losses on Monday as it dropped past the 100 per dollar barrier for the first time since March 2022.
The Russian currency continued dropping despite the country's central bank's decision to stop purchasing foreign currencies on the domestic market until the end of the year in an effort to reduce financial market volatility.
The dollar jumped 1.35% against the ruble to go for 100.48072 at 9:22 am CET and the euro climbed 2.01% compared to the Russian currency to sell for 108.8362 at the same time.
