Alexei Vedev News Today

Despite Western sanctions, Russia has persevered. Now the Kremlin appears to be consolidating its economy fully toward the waging of war in Ukraine.

When she saw the ruble go through the floor, Natalia Proshina made a beeline for the bank. Like countless other Russians, she feared her savings would vanish overnight in an economic crisis precipitated by Western sanctions over the invasion of Ukraine. The Russian currency on Monday plummeted to a historic low, falling to 100 against the US dollar and 109.4 against the euro. The tanking ruble revived unpleasant memories of financial instability of the 1990s, when millions of Russians saw their ...

When she saw the ruble go through the floor, Natalia Proshina made a beeline for the bank.

The ruble collapsed Monday, Russians sought to withdraw their savings and a prominent tycoon urged an end to "state capitalism" in Russia as the country reeled

The ruble collapsed against the dollar and the euro on the Moscow Stock Exchange on Monday as the West punished Moscow with harsh new sanctions over the Kremlin's invasion of Ukraine.

Russian banks teeter on edge of crisis and some oligarchs speak out against war, with one proposing an end to 'state capitalism'

When she saw the ruble go through the floor, Natalia Proshina made a beeline for the bank.