Ruble continues to fall amid putin’s nuclear threats
Today, the russian ruble exchange rate exceeded 103 rubles per US dollar. Overall, the currency has declined by 20% over the past three months.
Experts attribute the latest drop in the ruble’s value to “increased geopolitical tensions” and a shortage of foreign currency in russia, driven by difficulties in paying for imports—an outcome of sanctions imposed on russia following the full-scale invasion of Ukraine.
The Center previously reported that in the nearly two years of russia’s full-scale war against Ukraine, the ruble has lost almost half its value, falling from 53 rubles per dollar in 2022.
As the kremlin continues its escalation, further depreciation of the ruble and worsening economic issues in russia are expected.
