Subscriber Only
economics
Putin’s Mantra of Russia Stability Unravels as Ruble in Meltdown
Henry Meyer and Ilya Arkhipov
Updated on
The foundations on which Vladimir Putin built his 15 years in charge of Russia are giving way.
The meltdown of the ruble, which weakened to a record low this week, is endangering the mantra of stability around which Putin has based his rule. While his approval rating is near an all-time high on the back of his stance over Ukraine, the currency crisis risks eroding it and undermining his authority, Moscow-based analysts said.
