Reported 3 days ago
The Russian ruble remains weak, valued at less than a penny, as the Kremlin's financial reserves to support it dwindle. Following Western sanctions on numerous Russian banks, the ruble has seen significant depreciation, raising concerns about inflation and economic stability. Though Russia can generate foreign currency through oil and gas sales, the decremented sovereign wealth fund and escalating energy prices threaten its economic resilience amid ongoing conflict in Ukraine.
Source: YAHOO