The Russian currency continues to fall. On Monday, the ruble stood at 100.7 against the dollar and 110.2 against the euro.
The ruble has been weak for months and has lost value again due to the brief uprising of the Wagner mercenary group at the end of June.
The weak Russian currency is fueling many Russians’ fears of further rising prices and restrictions in everyday life. Western sanctions and the cost of military action now weigh heavily on the Russian economy.
Recently, inflation had risen again to 4.3 percent, prompting the country’s central bank to raise interest rates to 8.5 percent in July.
Source: Krone
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