Tag: Ruble at historic low

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

March 31, 2022
Business & Economyeconomic policieseconomyEuropeExecutive BranchInternationalMarketsPoliticsRuble at historic lowRussia-Ukraine WarRussian Oil Tradesanctions on RussiaUSvalue of the rubleWorld
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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…

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

March 24, 2022
Business & EconomyeconomyEuropefood shortage crisisinflationinflation in RussiaMarketsRuble at historic lowRussia-Ukraine WarWorld
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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…

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