The ruble is falling rapidly: Russia's military economy is overloaded,
The new package of sanctions has blocked one of the last channels for the flow of currency into Moscow.
The ruble fell on Wednesday, November 27, to its lowest level in more than two years. A combination of low oil prices, new sanctions against Russian businesses and rising government spending on the war are putting increasing pressure on the country's economy.
Politico writes that the Central Bank responded to this by suspending currency purchases until the end of this year. This will limit the supply of the ruble and, accordingly, support the exchange rate.
The measure will help curb rising inflation, which has forced the central bank to raise its key interest rate to 21%. According to official data, inflation is 8.5%, but the real inflation rate is likely…
