"MOSCOW — Russia's ruble hit a new all-time low on Monday, dropping about 5 percent as declining oil prices and the conflict in eastern Ukraine weigh on the country's economic prospects.

The Russian currency traded at 52.75 rubles against the dollar in morning trading Monday after shedding 15 percent in the previous week. The ruble was also down 5 percent against the euro.

Battered by low oil prices and the conflict in eastern Ukraine, the ruble has been declining throughout the year, losing about 42 percent of this value since January."

Nataliya Vasilyeva reports for the Associated Press December 1, 2014. [2]

SEE ALSO:

"Free Fall in Oil Price Underscores Shift Away From OPEC" (New York Times) [3]

"Crude Falls Below $68; Oil Sector Stocks Plunge" (Reuters) [4]

"Record-Low Oil Price Brings Holiday Cheer" (The Hill) [5]

"As Oil Skids Towards $65, Companies Forced To Recalculate" (Toronto Globe and Mail) [6]

"Saudi Arabia Is At War With The American Shale Boom" (Business Insider) [7]