With the Russian ruble sinking to fresh lows and global companies exiting the market, forecasts of a looming collapse of the $1.7 trillion Russian economy have grown since the Kremlin launched its military attacks on Ukraine less than two weeks ago.
The Russian currency fell by more than 10% from Friday to 137 to a dollar on Monday, underscoring the impact of the sanctions imposed by Western nations on the Russian economy and on residents’ living standards.
