Russian ruble sinks to lowest since 2014

The maximum rate reached 75.10 rubles per US dollar on the Moscow Stock Exchange on Wednesday.

The Russian currency managed to bounce back a bit by the end of the session, closing at 74.872, which is still 2.21 percent more than the Tuesday’s rate.

The euro also rose by half a ruble, reaching the mark of 80.29 rubles.

Brent oil prices, a benchmark for Russia's main export, lost 4.9 percent to reach $34.65 per barrel – their lowest level since 2004.

Experts explain the oil market situation saying there are expectations for the growth of US oil reserves, which are combined with reports about a weakening Chinese economy.