Russian Ruble Plunge Hurting Chinese Companies

Russian Ruble Plunge Hurting Chinese Companies: Report
The Russian currency has hit a 32-month low against the U.S. dollar as the wartime economy faces another blow.
Russian ruble plunges to a two-year low
President Vladimir Putin assured the public that there was no need to 'panic,' and the central bank took action. Despite the Kremlin's assurances, concerns are growing among both the general public and industrial leaders.
Russian Ruble Slump Might Spark Rise In Interest Rates: Report
In response, the Bank of Russia has been raising interest rates to record highs to curb inflation. The bank has said it is prepared to hike the cost of borrowing further - now at 21% - to whatever rate is necessary to cool inflation and bring it back to the 4% target level, the report said.
What Collapsing Russian Ruble Means for Ukraine War
The Russian currency has plummeted to its lowest level since the start of Vladimir Putin's full-scale invasion of Ukraine.
Russia’s War Economy Shows New Cracks After the Ruble Plunges
President Vladimir Putin said there isn’t any reason for Russians to panic after the currency fell to its lowest level since the days following Moscow’s invasion of Ukraine.
Russia's economy under pressure as ruble weakens
Russia's currency has hit its weakest level since its invasion of Ukraine. The depreciation of the rubel comes after Washington sanctioned Gazprombank and challenges are mounting for Moscow to manage its war economy.
Russia’s ruble is still worth less than a penny, and the Kremlin’s piggy bank for propping it up is running low
Russia's sovereign wealth fund has been tapped repeatedly to prop up the ruble, leaving the Kremlin with less firepower to ...
The ruble’s in a slump. For the Kremlin, that’s a two-edged sword
Russia’s ruble is sagging against other currencies, complicating the Kremlin’s efforts to keep consumer inflation under ...
The ruble is down, the price of potatoes is up. But is Russia's economy really in trouble?
According to Russia's statistics agency, Rosstat, the price of potatoes has gone up 74 per cent since the beginning of the ...
Putin tells Russians there's no reason to panic as the ruble sinks, but analysts say its economy is in trouble
Vladimir Putin dismissed the ruble's latest tumble, but analysts say falling oil prices and sanctions spell problems for ...
Russia tries to stem panic over the plummeting ruble, as the central bank is forced to intervene
The ruble weakened to 114 against the greenback earliest this week — hitting its lowest level since March 2022, shortly after ...
Bank of Russia Says No Emergency Steps Needed to Stabilize Ruble
Russia’s central bank said no emergency steps were required to prop up the ruble as measures already in place were enough to ...
Kyiv Independent on MSN2d
Can Russia sustain its war effort as ruble plummets, inflation soars?
With the purchasing power of the Russian ruble hitting the lowest point since March 2022, the economic toll of the full-scale ...
Russian central bank takes desperate stand to halt collapsing ruble and fierce inflation
Worth a fraction of a penny now, the ruble has fallen to lows not seen since March 2022 in the early days of the war against ...
Ruble Plunge Pressures Bank of Russia for Steeper Rate Hike
A recent slump in the ruble is ramping up pressure on the Bank of Russia to hike its key rate — potentially by the most since ...