Ruble hits one-year low amid capital flight and sanctions.
TL;DR Summary
The Russian ruble has fallen to its lowest level since April 2022 amid speculation that Shell may repatriate $1.2 billion of the currency. This comes amid a growing liquidity crunch and foreign flight on the back of Western sanctions. Meanwhile, the Chinese yuan has recently surpassed the US dollar as the most traded currency in Russia.
- Russian ruble at lowest level in a year on Shell repatriation speculation Markets Insider
- Russia's Ruble Slides on Capital-Flight Fears The Wall Street Journal
- The ruble falls to its lowest in a year as sanctions crush the Russian economy Quartz
- Foreign Flight From Russia Helps Push Ruble to Lowest in a Year Bloomberg
- Russian rouble weakens past 80 vs dollar for first time in almost a year ZAWYA
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