Category: Ruble at historic low

Ruble Rebounds After Sanctions, Pressure Grows for Stronger Action Against Russia

Russia’s currency, the ruble, has recovered from much of the devaluation suffered in the aftermath of Western sanctions imposed due to Moscow’s attack on Ukraine. The recovery has put additional pressure on Washington for a stronger response. On Feb. 24, when Russia invaded Ukraine, the ruble was trading against the U.S. dollar at an exchange…


Russian Inflation Soaring at 14.53 Percent, Highest Level in Over Six Years

Russia’s annual inflation hit 14.53 percent as of March 18, up from 12.54 percent a week ago as the country’s economy and currency struggle against severe sanctions imposed by the West due to Moscow’s invasion of Ukraine. This is the highest annual inflation rate since November 2015. Inflation for the week ending March 18 was…