The nation’s finances have proven resilient, despite punishing sanctions, giving it leeway to pump money into its military machine.
Tag: Ruble (Currency)
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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.
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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.
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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.