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Published 2 months ago

Russian ruble weakens past symbolic threshold of 100 against the dollar

  • The Russian ruble has weakened past the symbolic threshold of 100 to the US dollar due to foreign currency outflows and a shrinking balance of trade.
  • The central bank has raised its key rate by an additional percentage point to 13% in response to persistent high inflationary pressure in Russia.
  • Ukrainian President Volodymyr Zelenskiy emphasized the importance of cooperation between Ukraine and the EU in the face of possible weakening support within the bloc.
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