The Graphic Truth: Ukraine war hits ruble hard

Ukraine war hits ruble hard

Russia’s currency nosedived on Monday, losing as much as 30% of its value against the US dollar after fresh allied sanctions targeted Russia’s central bank and key lenders. The ruble has suffered double-digit losses in a single day only twice before. Once during the 1998 Russian financial crisis, and again in late 2014 as a result of collapsing oil prices and Western sanctions over Russia’s annexation of Crimea. Here’s a look at how the ruble has fared over the past quarter-century.

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Test of a Russian ICBM, launched on October 26, 2024. Since invading Ukraine, Russia has placed its nuclear forces on ready and has increased testing and development of its ICBMs.
Russia MOD via EYEPRESS, from Reuters.

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REUTERS/Amir Cohen

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USA TODAY NETWORK via Reuters Connect

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Mexico's President Claudia Sheinbaum speaks, on the day of the 114th anniversary of the Mexican Revolution, in Mexico City, Mexico November 20, 2024.

REUTERS/Raquel Cunha

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