Russia’s central bank said no emergency steps were required to prop up the ruble as measures already in place were enough to stabilize the market situation.

The Russian economy is in the throes of a deepening crisis as its currency, the ruble, continues to plummet to record lows, prompting a series of emergency measures by the country’s central bank.

With the purchasing power of the Russian ruble hitting the lowest point since March 2022, the economic toll of the full-scale invasion of Ukraine becomes glaring. Russia's expanding spending on the war has fueled inflation,

A recent slump in the ruble is ramping up pressure on the Bank of Russia to hike its key rate — potentially by the most since the start of the war on Ukraine.

The Russian currency has hit a 32-month low against the U.S. dollar as the wartime economy faces another blow.

President Vladimir Putin said there isn’t any reason for Russians to panic after the currency fell to its lowest level since the days following Moscow’s invasion of Ukraine.

Russia's currency has hit its weakest level since its invasion of Ukraine. The depreciation of the rubel comes after Washington sanctioned Gazprombank and challenges are mounting for Moscow to manage its war economy.

The Russian currency has plummeted to its lowest level since the start of Vladimir Putin's full-scale invasion of Ukraine.