Reported 11 days ago
The Russian ruble is experiencing a significant decline against major currencies, complicating the Kremlin's attempts to manage consumer inflation while simultaneously fueling economic growth through war spending. As the ruble trades at a lower value, Russians are feeling the pinch from rising import costs, especially for goods from China. The central bank has raised interest rates to combat inflation, but the overall economic impact remains a careful balancing act for the government, with some citizens feeling unconcerned due to their domestic financial dealings.
Source: YAHOO