"We have nothing to buy in India, but we cannot return these rupees, because the rupee is an inconvertible currency."
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Ukraine war: sanctions-hit Russian rouble crashes as Zelenskiy speaks of ‘crucial’ 24 hourswww.theguardian.com Some analysts expect a ‘complete collapse’ in currency amid signs one state-backed bank could fail, while Ukraine president warns key moment has arrived
Kremlin Unfazed as Ruble Crashes Through 100 vs. Dollar - The Moscow Timeswww.themoscowtimes.com The Russian ruble’s slide past 100 against the dollar has exposed a multi-billion dollar dilemma at the heart of the Russian economy: how can the Kremlin carry on funding its war against Ukraine without triggering a surge in inflation and fresh fears of an economic crisis at home?
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