The rouble sank to its lowest level against the dollar since the aftermath of Russia’s full-scale invasion of Ukraine on Thursday, as the repercussions of Wagner’s aborted insurrection heap further pressure on a currency already groaning under the weight of western sanctions.
The Russian currency has lost a third of its value since December, trading at more than 90Rbs per US dollar on Thursday.
Yevgeny Prigozhin’s failed mutiny accelerated the drop of the rouble, which fell by over six per cent in just two weeks. But the decline had started months prior, as western sanctions continue to squeeze the Russian economy.
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