Russians are buying huge amounts of gold with the ruble under pressure from high inflation and sanctions
Russian consumers purchased 75.6 metric tons of the precious metal, representing a 6% jump from 2023 and a 62% increase from ...
THE WEEK1y
How the collapse of the ruble could impact the war in Ukraine
The Russian ruble has been declining steadily and reached a 17-month low this week, tumbling past 100 rubles to the U.S. dollar. This gives the ruble less value than a single American cent and ...
Wall Street Journal2y
The Value of Russia’s Ruble Hits Record Low. Here’s Why That Matters.
Following Russia's invasion of Ukraine, the ruble fell to its weakest value ever against the U.S. dollar. WSJ's Dion Rabouin explains what’s driving the currency’s slump and what it could mean ...
Business Insider5d
Russians are buying huge amounts of gold with the ruble under pressure from high inflation and sanctions
An escalation of Western sanctions against Russia has made gold purchases an attractive alternative to traditional investments, as the ruble has plunged to historic lows since the war broke out.