Russians Take Ruble Plunge in Stride as Economy Adapts to War
- No evidence of bank runs or panic buying this time around
- Property market, tourism, inflation remain Russian concerns
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Panic buying? Bank runs? Not at all — it’s business as usual in Russia.
The ruble’s latest plunge isn’t triggering the kind of anxiety associated with a typical currency collapse in the country, as President Vladimir Putin’s ongoing invasion of Ukraine extends past the 18-month mark.