Newsweek on Nostr: Russian ruble nosedives as economy gives Putin major headache ========== The Russian ...
Russian ruble nosedives as economy gives Putin major headache
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The Russian ruble has plunged to 110 rubles per U.S. dollar as of January 4, 2025, following a war-time low of 114 rubles in November 2024; the U.K. Defense Ministry attributes this decline to U.S. Treasury sanctions; inflationary pressures are rising due to sanctions and a natural gas transit deal with Ukraine that expired on December 31, 2024; Vladimir Putin has allocated 40% of the Russian budget to the military, facing setbacks from sanctions and inflation; the Central Bank of Russia paused foreign currency purchases and maintained a key interest rate of 21%; Gazprombank, a key player in natural gas trade, was sanctioned in November; the digital ruble scheme, launched in August 2023, is being expanded to include major banks; experts warn of ongoing volatility in the ruble market and challenges in adopting the digital ruble.
#RussianRuble #Putin #Sanctions #Inflation #Gazprombank #DigitalRuble #Ukraine #Economy #Currency #FinancialCrisis
https://www.newsweek.com/russia-economy-ruble-sanctions-2009659
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The Russian ruble has plunged to 110 rubles per U.S. dollar as of January 4, 2025, following a war-time low of 114 rubles in November 2024; the U.K. Defense Ministry attributes this decline to U.S. Treasury sanctions; inflationary pressures are rising due to sanctions and a natural gas transit deal with Ukraine that expired on December 31, 2024; Vladimir Putin has allocated 40% of the Russian budget to the military, facing setbacks from sanctions and inflation; the Central Bank of Russia paused foreign currency purchases and maintained a key interest rate of 21%; Gazprombank, a key player in natural gas trade, was sanctioned in November; the digital ruble scheme, launched in August 2023, is being expanded to include major banks; experts warn of ongoing volatility in the ruble market and challenges in adopting the digital ruble.
#RussianRuble #Putin #Sanctions #Inflation #Gazprombank #DigitalRuble #Ukraine #Economy #Currency #FinancialCrisis
https://www.newsweek.com/russia-economy-ruble-sanctions-2009659