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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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The slump for the Russian currency reached a point on Tuesday morning, squeezing both Russian consumers and the Russian authorities, who are struggling to stop the fall.

·Copenhagen, Denmark
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  • 50% of the sources are Center
50% Center
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Lenta.RU [🇷🇺-affiliated] broke the news in Russian Federation on Tuesday, October 3, 2023.
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