Blame game. The value of the Russian currency dropped on Monday to more than 100 rubles to the dollar, its lowest rate since March 2022, just weeks after the Russian invasion of Ukraine. The ruble has fallen by 40 percent over the past 12 months. An economic adviser to the Russian president blamed the central […]
Daily Memo: Russian Ruble Falls, Pakistan Suspends Russian Oil Imports
Both developments are bad news for the Russian economy.
