This can mostly be attributed to Western countries continuing to shun Russian production throughout 2023. Russia is "selling ... owners "selling rubles for foreign currency like dollars or euros.

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 ...

The Bank of Russia has ... rule-based foreign currency purchases in the period from December 6, 2024 to January 14, 2025 (5.45 bln rubles per day) announced by the Russian Finance Ministry ...