Russian Ruble Drops 17% Amid Falling Exports, Rumored Intervention

INSUBCONTINENT EXCLUSIVE:
The Russian ruble extended a recent slump Thursday, declining 17% against the U.S
Exchange as the Russian authorities apparently intervened in currency markets to stop the ruble from strengthening and energy exports to
February, the ruble strengthened dramatically as a result of falling imports and a raft of currency controls imposed by the authorities
Anton Siluanov said last week that the government was considering intervention on the currency markets to ease upside pressure on the
weaker ruble will stimulate manufacturers to produce substitutes for imported goods no longer available because of Western sanctions and the
what it was prior to the invasion or maybe a little bit higher, between mid 70 to low 80 [against the U.S