Moscow, Nov 26, 2024 (AFP) - Moscow dismisses fears over sinking ruble

NAMPA / AFP

2024-11-26

Russia's finance minister on Tuesday brushed off concerns over a sharp drop in the value of the ruble, hit by the fallout of Moscow's offensive on Ukraine. Russia's central bank on Tuesday fixed its official exchange rate at 105.1 against the US dollar -- down more than five percent over the past week. Fears of a major escalation in the conflict in Ukraine combined with fresh Western sanctions have pushed the currency to its lowest level since Ma......

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