Apple suspends sales in Russia on currency woes

Apple has suspended sales in Russia because of dramatic falls in the rouble. 

The BBC reports sales of iPhones, iPads and iPods have stopped in Russia after the currency lost more than 20 per cent in a week.

The company says the currency is too volatile for the company to set prices.

The Russian central bank has spent more than $2bn trying to defend the flagging rouble, which is now at 65.5 to the dollar, an improvement on yesterday.

The bank has pledged to do more to stabilise the currency which started to slide earlier this week on news of further US sanctions over the civil war in Ukraine and the annexation of Crimea.