Copyright 2024 The Associated Press. All Rights Reserved. A pedestrian walks in a street near an exchange office sign showing ...
The Russian currency has plummeted to its lowest level since the start of Vladimir Putin's full-scale invasion of Ukraine.
President Vladimir Putin assured the public that there was no need to 'panic,' and the central bank took action. Despite the ...
The currency has depreciated to levels last seen at the onset of the war due to new sanctions. Heavily reliant on imports, ...
The Russian ruble has experienced a sharp fall in value against the U.S. dollar, weakened in recent days by the U.S. Treasury ...
In response, the Bank of Russia has been raising interest rates to record highs to curb inflation. The bank has said it is ...
A recent slump in the ruble is ramping up pressure on the Bank of Russia to hike its key rate — potentially by the most since ...
With the purchasing power of the Russian ruble hitting the lowest point since March 2022, the economic toll of the full-scale ...
Worth a fraction of a penny now, the ruble has fallen to lows not seen since March 2022 in the early days of the war against ...