Russian central bank takes desperate stand to halt collapsing ruble and fierce inflationRussia's central bank stops foreign currency purchases to stabilize the ruble amid soaring inflation, marking a significant economic intervention.
Russia's ruble is still worth less than a penny, and the Kremlin's piggy bank for propping it up is running lowThe ruble shows slight recovery due to halted foreign currency purchases but remains weak amidst persistently high inflation and dwindling financial resources.
Russian central bank takes desperate stand to halt collapsing ruble and fierce inflationRussia's central bank stops foreign currency purchases to stabilize the ruble amid soaring inflation, marking a significant economic intervention.
Russia's ruble is still worth less than a penny, and the Kremlin's piggy bank for propping it up is running lowThe ruble shows slight recovery due to halted foreign currency purchases but remains weak amidst persistently high inflation and dwindling financial resources.
Putin tells Russians there's no reason to panic as the ruble sinks, but analysts say its economy is in troublePutin claims the ruble's decline isn't alarming, but analysts express serious concern about inflation and geopolitical pressures affecting the economy.