Russia Seeks To Limit Ruble Hit Amid Exodus of Foreign Firms
- Ruble has weakened 9% this year as businesses leave Russia
- Plan to limit hard-currency purchases to smooth ruble trade
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Russia is seeking a way to curb the impact of a foreign investor exodus on the ruble, which has fallen to a one-year low.
A series of asset sales by firms from countries opposed to Russia’s invasion of Ukraine have helped weaken the ruble by 9% against the dollar this year, the worst performance among emerging-market currencies after the Argentine peso.