Russian Central Bank Slashes Interest Rate for Third Time as Ruble Rises

INSUBCONTINENT EXCLUSIVE:
as an emergency measure after Russia invaded Ukraine in late February amid fears of a run on the national currencyThey later slashed that
rise, Russia introduced strict capital controls to assist the ruble after Russia was hit with unprecedented sanctions following the start of
restrictions on individials.Combined with a collapse in imports, this helped the ruble stage a spectacular rebound and it is currently
trading at 4-year highs against the U.S
dollar
cut Thursday, the ruble weakened to 60.9 against the U.S
dollar and 63.36 against the euro.