Russia's ruble has tumbled. What does it mean for the wartime economy?
Russia's ruble has fallen a long way in recent months, and the country's central bank has stepped in to try to halt the slide.
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Russia's ruble has fallen a long way in recent months, and the country's central bank has stepped in to try to halt the slide.
Breaking News, Sports, Manitoba, Canada
The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide. It also wants to stop the inflation
Previously, Russia saw a large trade surplus because of high oil prices and plummeting imports after Russia invaded Ukraine. But oil prices have dipped this year, and it’s more cumbersome for Russia to sell its oil due to Western sanctions, including price caps on crude and oil products like diesel.
A weaker currency also poses the threat of higher prices for everyday people in Russia — and the government has finally moved to halt the drop.