The Russian Rouble Is Collapsing, and with It the Russian economy

Cutting Russia off SWIFT
Photo by Markus Spiske on Unsplash

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.

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