The Russian ruble plunged 2.3 percent on Monday due to a large drop in oil prices, the country’s principal export. The ruble now sits at a seven-month low, severely complicating president Vladimir Putin’s plans for global aggression. […]
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Tag: Ruble
Russia Is Literally Going Broke Thanks To A Plunging Ruble And Low Oil Prices
Plunging oil prices and a weakening ruble have hammered Russia’s economy to its lowest point since 2009 according to recent reports. As the Ukraine crisis drags on and sanctions against the country continue to limit […]
Falling Ruble Leads To Spike In Counterfeit U.S. Dollars Inside Russia
There has been a dramatic increase in the number of counterfeit foreign bank notes floating around Russia following the devaluation of the ruble which raised the value of the US dollar and the Euro according […]