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Ruble tumbles to lowest level since the early weeks of Russia's war on Ukraine

Por: Los Angeles Times Business August 14, 2023

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The Russian ruble has dropped to its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports. On Monday, the Russian currency passed 101 rubles to the dollar, continuing a more than 25% decline in its value since the beginning of the year and hitting the lowest level in almost 17 months. President Vladimir Putin’s economic advisor, Maksim Oreshkin, on... + full article



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