MOSCOW (AP) - Russia's central bank has made another move to shore up the battered ruble, offering hard currency loans to companies and banks to help them service their debts.

MOSCOW (AP) Russia's central bank has made another move to shore up the battered ruble, offering hard currency loans to companies and banks to help them service their debts.

The bank said Wednesday that borrowers could put their debt obligations as collateral against the loans. It's a major relief for the nation's companies and banks, who can't tap foreign capital markets to refinance their loans because of Western sanctions.

The ruble has lost about half of its value since the year's start, dragged down by the sanctions and by sinking prices for oil, the nation's main source of revenue. The ruble has recovered from the historic low of 80 it hit last week, floating around the 55 mark against the dollar Wednesday, the same level as in the past few days.