Rouble falls sharply past 75 vs dollar as geopolitical concerns weigh

  • Geopolitical tensions cause sell-off on Russian markets
  • Rouble falls more than 1% to 75.51 vs dollar
  • Rouble sheds 1.2% to 86.55 vs euro
  • Stocks, government bonds take a hit

MOSCOW, Jan 13 (Reuters) – The Russian rouble fell sharply on Thursday, giving up modest earlier gains, and government bonds fell to more than a three-year low amid growing geopolitical concerns about Moscow’s standoff with the West.

The rouble dropped after Russian Deputy Foreign Minister Sergei Ryabkov said Washington’s rejection of Moscow’s key security demands was leading talks into a dead end.

Russia said its talks with the West had so far failed to bridge fundamental differences over the Ukraine crisis and Moscow’s demands that NATO pull back from central and eastern Europe. read more

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At 1306 GMT, the rouble was 1.1% weaker against the dollar at 75.51 , heading away from the session peak of levels of around 74.4625.

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