The Russian ruble is on track for its worst week since 1999

Markets Insider

• The Russian ruble is down 1.7% against the dollar at 8.45 a.m. GMT (3.45 a.m. ET) on Wednesday morning.
• It follows declines of 4% on both Monday and Tuesday for the struggling currency.
• The Financial Times reports that the ruble is now on track for its worst week since 1999, eclipsing its slump in 2014 at the height of the crisis over Crimea.
• The ruble’s slide comes after the Trump administration on Friday imposed new sanctions on 24 wealthy Russians and government officials, as well as over a dozen Russian-controlled entities.