Russian Ruble Collapses As Putin's Economy in Trouble

[Eric]

Russian ruble collapses as Putin's economy in trouble

The Russian currency has hit a two-year low against the U.S. dollar, reaching 107 on Tuesday, as sanctions continue to hit the country's economy.

www.newsweek.com

The Russian currency, the ruble, has plunged to its lowest rate against the U.S. dollar since the start of Vladimir Putin's full-scale invasion of Ukraine as sanctions continue to hurt his country's economy.

After two months of depreciation, the ruble dropped on Tuesday to 107 against the dollar for the first time since March 2022, just after the start of the war that prompted Western-led sanctions, an exodus of companies from Russia and financial turbulence.

The ruble is expected to weaken further with the beginning of the winter holiday season as companies import more goods to meet consumer demand.

 

[Herdfan]

Spending billions on unneeded war will do that.

 

[GermanSuplex]

Don’t worry, world peace is less than two months away.

 

[Eric]

Spending billions on unneeded war will do that.

Sadly, I have a feeling Trump will switch our allegiance. Not sure if he will go as far as to give aid to Russia but pulling all of our support for Ukraine is almost assured.

 

[fooferdoggie]

he will kill all Russian sanctions. He tried that last time this time he will do it.

 

[Yoused]

Don’t worry, world peace is less than two months away.

You really ought to spoiler obscene material.