Mutiny Aftermath Jolts Ruble as $43.5 Billion Outflow Takes Toll
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The ruble has crashed through what a top government official recently called Russia’s “comfort” zone after a mutiny that briefly threatened President Vladimir Putin’s power compounded months of capital outflows.
Russia’s currency weakened on Wednesday to trade close to 91 per dollar after depreciating almost 2% to levels last seen a month after the invasion of Ukraine in February 2022.