REUTERS/Ueslei Marcelino
- Russia’s currency in recent days has plunged to its lowest level against the greenback since the war in Ukraine began.
- The ruble traded around 96 against the US dollar on Tuesday, a 30% decline from January.
- Russia’s economy is struggling in the face of western sanctions and war in Ukraine, experts say.
Russia’s currency just plunged to its lowest level against the dollar since the beginning of its war in Ukraine — another sign that the nation’s economy is sputtering as the conflict drags on and its economy is burdened with Western sanctions.
The ruble has traded around 96 against the dollar since last Friday. It’s the cheapest Russia’s currency has been since Putin began his invasion of Ukraine in February last year, which caused the ruble to briefly plummet to 120 against the dollar.
The ruble is one of the worst-performing global currencies…
