Russia tries to stem panic over the plummeting ruble, as the central bank is forced to intervene
Publishing timestamp: 2024-11-28 09:07:26
Summary
Russian authorities are trying to calm panic over the ruble's sharp fall, with the central bank intervening to support the currency. The weakening ruble is seen as a sign of a fast-deteriorating economic situation for Moscow, with rising inflation and economic challenges exacerbated by sanctions and the war in Ukraine. Despite some growth in the economy, the ruble's devaluation and ongoing sanctions are putting pressure on Russia's financial stability.
Sentiment: MIXED
Tickers: RUB=,
Keywords: vladimir putin, us dollar / russian ruble fx spot rate, prices, china, forex markets, business news, ukraine, economic events, russia, united states, government and politics,