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Russia sells $10bn in reserves to prop up rouble

Russia has sold $10bn in currency reserves to support the rouble amid the crisis in the Ukraine.

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Ukraine crisis blow to Russian stock markets

Russia's stock markets have dropped about 10% and its currency has fallen to its lowest point ever against the dollar and the euro because of the crisis in neighbouring Ukraine.

The Moscow Exchange fell about 10% in the first hour of trading today, although it later recovered slightly.

The rouble, already down nearly 10% this year, fell below 50 against the euro for the first time. It was trading below 36.4 to the dollar, also a record.

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