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The Independent UK
The Independent UK
National
David McHugh

Russia's ruble has tumbled. What does it mean for the wartime economy?

Copyright 2023 The Associated Press. All rights reserved.

Russia's ruble has fallen a long way in recent months, and the country’s central bank has stepped in to try to halt the slide.

Until now, the government stood aside as the declining ruble helped its budget. But a weaker currency also poses the threat of higher prices for everyday people in Russia — and the government has finally moved to halt the drop.

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