An employee handles 5000 ruble banknotes inside an Otkritie Bank FC PJSC branch in Moscow, Russia, on Tuesday, Jan. 18, 2022. UniCredit SpA is interested in a potential takeover of rescued Russian lender Otkritie Bank, as Chief Executive Officer Andrea Orcel explores M&A opportunities to improve the groups profitability. Photographer: Andrey Rudakov/Bloomberg via Getty Images
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Russia's ruble crashes as its banking system reels
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Western countries announced fresh sanctions against Russia in response to the invasion of Ukraine. The Moscow stock exchange closed after the ruble crashed to a record low against the US dollar. CNN's Christine Romans reports.
01:39 - Source: CNNBusiness
Markets and Investing 16 videos
An employee handles 5000 ruble banknotes inside an Otkritie Bank FC PJSC branch in Moscow, Russia, on Tuesday, Jan. 18, 2022. UniCredit SpA is interested in a potential takeover of rescued Russian lender Otkritie Bank, as Chief Executive Officer Andrea Orcel explores M&A opportunities to improve the groups profitability. Photographer: Andrey Rudakov/Bloomberg via Getty Images
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NEW YORK, NEW YORK - SEPTEMBER 13: Traders work on the floor of the New York Stock Exchange during afternoon trading on September 13, 2022 in New York City. U.S. stocks opened lower today and closed significantly low with the Dow Jones dropping over 1,200 points after the release of an inflation report that showed prices rising more than expected in the last month. The Consumer Price Index released by the Bureau of Labor Statistics showed prices rising 8.3% over the last year, for which economists had predicted an 8.1% increase. (Photo by Michael M. Santiago/Getty Images)
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