The ruble falls due to the great strain on the military economy of the Russian Federation – Politico – World

According to Investing.com, the ruble fell to 114.75 per dollar. This is a level that has not been seen since March 2022.

The ruble fell to its lowest level in two years on Nov. 27 as a combination of low oil prices, new sanctions against Russian businesses and rising government spending on military operations put further pressure on the Russian economy.

This is stated in the Politico article.

The Central Bank of Russia reacted to the fall of the ruble by suspending purchases of the currency until the end of the year. This will limit the supply of rubles and support the exchange rate accordingly. Last year, Russia took a similar step after the mutiny of Wagner PVK owner Yevgeny Prigozhin triggered another crisis of confidence.

Such a measure will help to contain the growing problem of inflation, which forced the central bank to raise the key interest rate to 21%. Official data shows that…