Russian Ruble Drops 17% Amid Falling Exports, Rumored Intervention

INSUBCONTINENT EXCLUSIVE:
The Russian ruble extended a recent slump Thursday, declining 17% against the United States dollar in 48 hours to reach its lowest level
Trickett told The Moscow Times.After a currency collapse when the Kremlin ordered troops into Ukraine in February, the ruble strengthened
dramatically as a result of falling imports and a raft of currency controls imposed by the authorities
energy exports are also believed to be pushing the ruble to weaken
weaker ruble will stimulate manufacturers to produce substitutes for imported goods no longer available because of Western sanctions and the
Trickett.