The ruble has lost roughly a quarter of its value against the dollar since Russia invaded Ukraine last year. Western sanctions have harmed Russia’s trade balance, and military spending has soared as the war goes on with no end in sight.

In an emergency meeting on Tuesday, Russia’s central bank governing board decided to increase interest rates by 3.5 percentage points, reaching 12%. 

How will the collapse of the ruble impact Putin's war in Ukraine? We discuss this with Dr Samir Puri, Visiting Lecturer in War Studies at King's College London and author of 'Russia's Road to War with Ukraine.

The ruble has lost roughly a quarter of its value against the dollar since Russia invaded Ukraine last year. Western sanctions have harmed Russia’s trade balance, and military spending has soared as the war goes on with no end in sight.
In an emergency meeting on Tuesday, Russia’s central bank governing board decided to increase interest rates by 3.5 percentage points, reaching 12%. 
How will the collapse of the ruble impact Putin's war in Ukraine? We discuss this with Dr Samir Puri, Visiting Lecturer in War Studies at King's College London and author of 'Russia's Road to War with Ukraine.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

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