US Sanctions Push Ruble To Lowest Since 2022 Invasion
The latest fall in the ruble will first and foremost hit Russians via increased prices for various goods.
The latest fall in the ruble will first and foremost hit Russians via increased prices for various goods.
New BRICs Currency? Not So Fast Says Russian Independent Media
Russia has long had a responsible monetary and fiscal policy since the default after the fall of the Soviet Union.
It’s difficult to get a read on the current Russian economy. While the government boasts that its economy is doing well and is overcoming powerful sanctions, Russians on the streets are transferring large amounts of money overseas and converting their assets to cash, indicating that the majority of the population has little faith in the positive economic image that Moscow is pushing and are doubtful of their country’s economic future.
Russian Ruble Loses Free Convertibility Status.
Dollar Falls Below 50% In Russia’s Export Mix.
Russian Ruble Sinks Amid Virus, Oil, US Presidential Election Fears.
Ruble Falls Amid Lower Oil Prices, Back Above 70 Per USD On Moscow Exchange.