Russians rush to banks as Ruble plummets amid sanctions over war with Ukraine

The Russian currency plunged about 30 per cent against the US dollar after Western nations announced moves to block some Russian banks from the SWIFT international payment system and to restrict Russia’s use of its massive foreign currency reserves.The Russian currency plunged about 30 per cent against the US dollar after Western nations announced moves to block some Russian banks from the SWIFT international payment system and to restrict Russia’s use of its massive foreign currency reserves.