With low oil prices and Western sanctions taking their toll, the Central Bank of Russia said it was forced to take action to keep the national currency stable. The Russian currency is recovering somewhat, valued at about 56.45 to the U.S. dollar, up from recent lows of around 65 rubles to the U.S. dollar. In mid-December, the Russian Central Bank raised its key interest rate by 6.5 percent to 17 percent in an effort to arrest the decline of the nation’s currency. In a Wednesday statement, the bank said it sold more than $80 million on the national currency market this week in an effort to keep the ruble stable . With the value slipping from 33 rubles to […]