Russian Rouble Hits Record Low Amid Economic Strain
TL;DR Summary
The Russian rouble has fallen to its lowest level against the US dollar in over 32 months, surpassing 110 to the dollar, due to geopolitical tensions from the Ukraine war and new US sanctions. The currency's decline is also reflected against the Chinese yuan and is compounded by a significant drop in Russia's stock market. Analysts suggest potential measures by Russian authorities to stabilize the rouble, while the finance minister downplays concerns, citing benefits for exports. The sanctions have disrupted foreign trade payments, particularly in oil and gas, leading to a currency shortage in Russia.
- Russian rouble drops to lowest level against the dollar in 32 months Al Jazeera English
- Russian Ruble Collapses As Putin's Economy in Trouble Newsweek
- Kremlin tries to reassure panicking Russians over collapsing rouble The Telegraph
- Russia’s rouble plunges to lowest rate since early weeks of Ukraine war The Guardian
- Ruble tumbles as Russia’s war economy comes under increasing strain POLITICO Europe
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