Tag: ruble exchange rate

The news that the Turkish military has reportedly destroyed a Russian drone that intruded in its airspace has caused the ruble value to drop sharply again. Welcome to our column, Russia Update, where we will be closely following day-to-day developments in Russia, including the Russian government’s foreign and domestic policies. The previous issue is here. […]

Staunton, August 14 – Vladislav Zhukovsky, an economist known for predicting disasters in the Russian economy and for then turning out to be right, says that the situation is more dire than almost anyone imagines because oil is heading to US $25 dollars a barrel, the ruble to 125 to the US dollar, and inflation […]