Reported about 8 hours ago
Recent US sanctions targeting around 50 Russian banks have led to a significant depreciation of the ruble, which has fallen nearly 8% against the dollar since November 21. The ruble recently exceeded 108 per dollar, marking its weakest level since March 2022, as concerns grow over limited foreign-currency inflows into Russia. The sanctions impact crucial financial channels, including Gazprombank, central to international gas payment processes. With predictions of further ruble depreciation due to geopolitical tensions and ongoing trade challenges, analysts foresee the currency potentially reaching 119.8 against the dollar next year.
Source: YAHOO