Skip to content
Sign In Subscribe
The Economist — Economy — Currency Collapse — Geopolitics — Finance — Russia

Russia will struggle to cope with a sinking rouble

Russia's rouble has collapsed, impacting Putin's ability to wage war. The currency's collapse is due to a slump in exports and a surge in imports.

1 min read
  • Russia's rouble has collapsed, reaching its lowest value since the invasion of Ukraine.
  • The currency's collapse is due to a slump in exports and a surge in imports as Russia wages war.
  • The central bank plans to raise interest rates to address the situation.
  • The government's foreign-currency reserves are frozen by the West, limiting their ability to prop up the rouble's value.
  • The fate of Russia's economy now depends on the extent of Putin's aggression.
Russia will struggle to cope with a sinking rouble
What does the currency’s collapse mean for Vladimir Putin’s ability to wage war? | Finance & economics
The Economist

More in Economy

More from The Economist

Latest