The Russian currency has devaluated to a historic record low against the dollar and the euro as the country’s economy implodes.
Russia’s ruble has been ravaged by West-imposed sanctions following the ill-advised invasion of Ukraine.
The currency has lost nearly three-quarters of its value against the US dollar and is worth half of what it was against the euro only last summer.
Most analysts predict a sharp decrease in standards of living and very high unemployment for Russia in the short term, which may very well lead to widespread social unrest as Russian society breaks down and pays for its President’s madness.
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