Ukraine counter-offensive: Russian currency sinks to record lows as sanctions begin to take a toll – TheLiberal.ie – Our News, Your Views

Ukraine counter-offensive: Russian currency sinks to record lows as sanctions begin to take a toll




Russian currency has sunk to record lows as sanctions begin to take a toll.

The ruble is now trading at 72 rubles to the dollar, a massive 18% drop since the start of December.

Western-imposed sanctions over Russia’s invasion of Ukraine are designed to cripple Russia’s means to earn revenue to fund its war machine.

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