FILE PHOTO: A view shows Russian rouble coins in this illustration picture taken March 25, 2021. REUTERS/Maxim Shemetov/Illustration
MOSCOW (Reuters) - The Russian rouble tumbled on Thursday, at one point losing 2% to the dollar in volatile trade and hitting a more than five-month low versus the euro as the White House announced new sanctions targeting Russia's sovereign debt.
U.S. President Joe Biden issued an executive order prohibiting U.S. financial institutions from participating in the primary market of Russia's government debt from June 14, with the order allowing for those actions to be expanded in future.
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