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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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
Former Kremlin official blames the ruble's crash on Russia's stockpile of rupees that's stranded in Indiamarkets.businessinsider.com "We have nothing to buy in India, but we cannot return these rupees, because the rupee is an inconvertible currency."
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