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Rouble Hits 16-Month Low Amid High Russian Military Spending And Plummeting Export Revenue
Monday, August 14, 2023 - 4:03am | 463Read More...The Russian rouble plummets to a 16-month low against the dollar due to increased Russian military spending and dwindling export revenues, Financial Times reports. Russia's currency has seen a decline of approximately 25% this year, trading below 99 roubles to a dollar on Friday, influenced by the...
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Wagner Effect — Russian Rouble Sinks To Lowest Value Against US Dollar Since Invasion Of Ukraine: Report
Thursday, July 6, 2023 - 9:29pm | 381Read More...The Russian rouble has plummeted to its lowest value against the US dollar since Russia’s full-scale invasion of Ukraine, Financial Times reports. Impact of Failed Mutiny and SanctionsThe currency, which has lost a third of its value since December, traded at over RUB 90 per US dollar on...
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As Putin Visits Belarus, Rouble Plunges To Weakest Level In 7 Months Against Dollar
Monday, December 19, 2022 - 11:57pm | 429Read More...The Russian rouble plunged to its weakest level in over seven months against the dollar on Monday and was on the path to its biggest single-day drop since July. Monday's decline followed Russian President Vladimir Putin’s visit to Belarus, which stoked fears in...
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Economist Dr. Mikhail Melnik: 'Best Course Of Action For Russia Might Be Allow Ruble To Depreciate'
Tuesday, December 16, 2014 - 8:16pm | 79Read More...Speaking to Benzinga, Southern Polytechnic State University Economist Dr. Mikhail Melnik said that a rise in interest rates for Russia is counterproductive. “The best course of action may very well be to allow the currency to depreciate and focus all efforts on the real sector,” he...
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Economist Dr. Mikhail Melnik: 'Russia Needs To Focus On Underlying Causes Of Crisis, Restructure Economy'
Tuesday, December 16, 2014 - 8:16pm | 123Read More...Dr. Mikhail Melnik, economist for Southern Polytechnic State University, told Benzinga that Russia needs to develop programs similar to the U.S. food stamps program. He said it should not only help shield from inflation to the most affected segments of the population, but also help fund the...
