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submitted 3 weeks ago* (last edited 3 weeks ago) by MicroWave@lemmy.world to c/world@lemmy.world

Summary

Russia’s ruble has plunged to its lowest level since March 2022 following new U.S. sanctions on Gazprombank, a key platform for energy payments.

The ruble’s slide, driven by sanctions, falling oil prices, and soaring defense spending, has intensified inflation and strained the war economy.

While the Kremlin benefits from a weaker ruble by converting foreign revenues into more domestic currency, experts warn of overheating risks and financial instability.

The Russian central bank is scrambling for solutions, but long-term economic pressures and declining oil revenues pose significant challenges.

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[-] whithom@discuss.online 150 points 3 weeks ago

Ruble in rubble, rocks Russia

Come on people, write good headlines.

[-] Mr_Blott@feddit.uk 67 points 3 weeks ago

Instead, in 2024

Russia in panic as US sanctions SLAAAAAAMS ruble

[-] psycho_driver@lemmy.world 20 points 3 weeks ago* (last edited 3 weeks ago)

Russian bankers HATE this one simple trick!

[-] Tuxman@sh.itjust.works 15 points 3 weeks ago

Hot Ruble stuck in dishwasher RAVAGED by US step-sanctions

[-] xor@lemmy.blahaj.zone 7 points 3 weeks ago

Ruble DESTROYED by US sanctions

[-] Gradually_Adjusting@lemmy.world 20 points 3 weeks ago* (last edited 3 weeks ago)

That gave me a heartfelt pang of yearning for the good timeline.

[-] whithom@discuss.online 7 points 3 weeks ago

I was good friends with this guy who worked the copy desk at a newspaper. He got to write a lot of the headlines because he could make almost anything a pun. He’d just text me headlines all day and I’d be in stitches.

[-] UltraGiGaGigantic@lemmy.ml 8 points 3 weeks ago

You won't believe what happened to the ruble!

[-] Boxscape@lemmy.sdf.org 7 points 3 weeks ago

Ruble in rubble

Get Basher on the horn!

this post was submitted on 30 Nov 2024
454 points (95.0% liked)

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