Russia Struggles to Stabilize Ruble Amid Economic Turmoil

Russia's ruble has sharply declined, prompting the central bank to intervene by halting foreign currency purchases to stabilize the market. The ruble's fall to its lowest level since March 2022 is attributed to new U.S. sanctions and a war-focused economy, leading to inflation and economic instability. Despite Kremlin dismissals, experts warn of a potential currency crisis, with the ruble's devaluation reflecting broader economic challenges exacerbated by Western sanctions and increased defense spending.