Russia’s central bank hikes interest rate to 12% as ruble dips
The Russian currency passed 101 rubles to the dollar on Monday, losing more than a third of its value since the beginning of the year.
russian ruble
Russian ruble sinks to lowest level since the start of Ukraine war
On Monday, the Russian currency passed 101 rubles to the dollar, continuing a more than 25% decline in its value since the beginning of the year.