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Can Russia’s central bank save the ruble from a free fall? | DW News
Posted
August 15, 2023
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528,852
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August 15, 2023
528,852
4,820
2,058
1.30%
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4:54Now PlayingAfter President Putin's full scale invasion of Ukraine last year, Russia became the most sanctioned nation on earth. Until now, the Kremlin found ways around the embargoes but the pain couldn't be avoided forever. On Monday, the ruble fell to its lowest level in 16 months.
In an emergency meeting, Russia's central bank raised interest rates to prevent a currency free fall.
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