Tag: Ruble (Currency)

Russia’s Economy Is Increasingly Structured Around Its War in Ukraine

The nation’s finances have proven resilient, despite punishing sanctions, giving it leeway to pump money into its military machine.

Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War

With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.

Russian Ruble Slides Past 100 Against the Dollar, Its Lowest Level Since March 2022

The currency’s weakening, which took it past the symbolic level of a penny per ruble, will increase pressure on the nation’s financial authorities as fears of inflation grow.

Russia Downs 2 Drones Near Moscow, as Ukraine War’s New Phase Intensifies

It was the 12th time in the past three weeks that Russian officials had reported intercepting such aerial attacks in the heart of the capital.

Russia Raises Interest Rates, Trying to Cool Wartime Economy

With the ruble weakening and the government spending ever more money on the war in Ukraine, Moscow took unexpectedly sharp action to curb inflation.