Feb 28
3 min read
The Russian Rouble Is Collapsing, and with It the Russian economy
The Freezing of Putin’s Rainy Day Fund
The Russian Rubel is worth about 1 cent in U.S. dollars as I write this.
The currency dropped as much as 30% when news of the West’s economic sanctions against Russia were announced. It has stabilized somewhat but is still down 21% compared to a week ago.
