Russian ruble is crashing: Yahoo U

For more business and finance explainers, check out our Yahoo U page.

Economic sanctions on Russia following the country’s invasion of Ukraine have sent the Russian ruble for a tailspin. Following several measures from Western countries to isolate Russia’s economy, the ruble lost over 30% of its value against the U.S. dollar.

A devaluing currency makes sense, given sanctions on Russia’s largest banks and the severance of other firms from the international banking system known as…


Source link

About search

Check Also

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *