“No reason to panic”, says Vladimir Putin after the Russian ruble crashed on Wednesday.
What “no reason to panic” really means is, Russians who have saved up for their pensions have lost half of their life savings in two years because of Putin’s disastrous war.
Source: https://www.cnbc.com/2024/11/28/russia-tries-to-stem-panic-over-plummeting-ruble-central-bank-steps-in.html#:~:text=Russia's%20central%20bank%20(CBR)%20was,the%20volatility%20of%20financial%20markets.”
What “no reason to panic” really means is, Russians who have saved up for their pensions have lost half of their life savings in two years because of Putin’s disastrous war.
Source: https://www.cnbc.com/2024/11/28/russia-tries-to-stem-panic-over-plummeting-ruble-central-bank-steps-in.html#:~:text=Russia's%20central%20bank%20(CBR)%20was,the%20volatility%20of%20financial%20markets.”
Comments
1/ Russia halted trading in dollars and euros on its leading financial marketplace, the Moscow Exchange (MOEX), in June in response to U.S. sanctions. Because the ruble is