The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine.
Vehicles drive past a currency exchange office in Moscow, Russia, Monday, Aug. 14, 2023. The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Western sanctions weigh on energy exports and weaken demand for the national currency. The Russian currency passed 101 rubles to the dollar on Monday, continuing a more than 25% decline in its value since the beginning of the year.
Oreshkin said Russia’s central bank has “all the tools necessary” to stabilize the situation and said he expected normalization shortly. The Russian economy is now “working on different types of state orders related to the war, such as textile enterprises, pharmaceuticals and theindustry,” said Alexandra Prokopenko, nonresident scholar at the Carnegie Russia Eurasia Center and a former Russian central bank official.
Russia typically sells foreign currency to counter any shortfall in revenue from oil and natural gas exports and buys currency if it has a surplus.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Ukraine live briefing: 3 injured in Odessa attacks; Russia fired shots at Ukraine-bound cargo shipA Russian patrol ship fired on a Palau-flagged carrier, which Moscow said didn’t respond to a request to halt for an inspection. Ukraine condemned the incident.
Baca lebih lajut »
Russian ruble hits 16-month low as currency takes a beating from Ukraine invasionWhat You Need To Know About Markets And The Economy
Baca lebih lajut »
Ukrainian forces seek to pierce Russian lines in south, Russian-installed officialUkrainian forces are trying to pierce Russian lines in the western parts of Donetsk region where waves of Ukrainian fighters were used to gain a foothold to the east of the town of Staromaiorske, a Russian-installed official said.
Baca lebih lajut »
Russian shelling kills six in Ukraine's Kherson, including baby - ministerRussian forces shelled two villages in the southern Ukrainian region of Kherson on Sunday, killing six civilians including a baby, Ukrainian authorities said on Sunday.
Baca lebih lajut »
Live blog: Russian forces kill several including baby in southern UkraineSeven people, including a 23-day-old baby, her 12-year-old brother and their parents, were killed by Russian shelling in southern Ukraine, officials say Follow our live coverage👇
Baca lebih lajut »