Russian rouble weakens on latest sanctions threats
MOSCOW, Sept 8 (Reuters) - The Russian rouble dropped on Monday to its weakest against the dollar since July 30 after fresh sanctions threats from the U.S. and European Union in recent days.
U.S. President Donald Trump said on Sunday that he is ready to move to a second phase of sanctions against Russia, the strongest indication yet that he is poised to intensify sanctions against Moscow or its oil buyers over the war in Ukraine.
The European Union's preparation of new sanctions against Russia is being closely coordinated with the United States, EU Council President Antonio Costa said on Monday.
The rouble RUB= weakened to 82 against the dollar, according to LSEG data based on over-the-counter quotes, before recovering to 81.85, down 0.8%, by 1000 GMT.
It was 0.6% down at 11.48 against China's yuan, the most traded foreign currency in Russia.
"The possibility of introducing anti-Russian sanctions, which may primarily affect the energy and banking sectors, remains one of the main short-term risks for the market," said Yelena Kozhukhova at brokerage Veles Capital.
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