THE NEW YORK TIMES: The ruble fell as low as 94 rubles per dollar on Thursday before making a slight recovery by the end of the trading day.
The Russian ruble slid to lows unseen since the weeks after Moscow launched its invasion of Ukraine, amid fallout from the mercenary boss Yevgeny V. Prigozhin’s aborted insurrection and declining Russian oil and gas revenues.
The currency fell as low as 94 rubles per dollar on Thursday before making a slight recovery by the end of the trading day, jolting confidence among Russians, who often interpret the exchange rate as an indicator of the nation’s financial well-being.
The ruble hasn’t seen such lows since March 2022, the month after President Vladimir V. Putin ordered Russia’s full-scale invasion of Ukraine and triggered a raft of Western sanctions that briefly sent the country’s economy into a tailspin. » | Paul Sonne | Thursday, July 6, 2023
