The currency weakened as a result of this weekend’s unrest in the country The Russian ruble dropped nearly 3% at the start of trade on Monday as markets had their first chance to react to the aborted mutiny by units of a private military company over the weekend.The currency weakened to below 87 rubles to the US dollar for the first time since March 2022. One euro traded 2.5% above Friday’s level at over 95 rubles, its highest exchange rate since April last year.Investors are digesting this weekend’s unrest, which began on Friday evening when the Wagner private military company led by Evgeny Prigozhin launched an
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