05:07 GMT20 January 2021
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    According to currency market trade data, the Russian ruble fell against the dollar and euro after oil prices dropped.

    MOSCOW (Sputnik) The Russian ruble fell against the dollar and euro after oil prices dropped on news of sanctions being lifted against Iran, according to currency market trade data on Monday.

    Brent oil is trading at less than $28 per barrel now that sanctions against Iran have been lifted.

    On Monday morning, the ruble was trading at 78.67 rubles to the dollar, down 1.07 rubles, and the euro gained 0.97 rubles to reach 85.65 rubles to the euro.


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    falling oil prices, ruble, Iran, Russia
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