(Bloomberg) Kremlin economic aide Maxim Oreshkin blamed the central bank for contributing to declines in the ruble, an unusual rebuke made public just moments before the Russian currency broke through 100 to the dollar for the first time since March last year.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightGoldman Pencils In First Fed Rate Cut
The rouble has fallen to a 16-month low against the dollar, its weakest since the early weeks of Russia’s invasion of Ukraine, despite efforts by the Kremlin to prop up its ailing currency.
MOSCOW (Reuters) -The tumbling rouble reversed course late on Monday, rising back to the strong side of 100 against the dollar after Russia's central bank sparked expectations of another hefty rate hike in announcing an extraordinary policy meeting for Tuesday. President Vladimir Putin's economic adviser earlier rebuked the central bank as the rouble slid past 101, blaming its loose policy in a sign of growing discord among authorities. The rouble had lost around a quarter of its value against the dollar since Putin sent troops into Ukraine in February 2022, as Western sanctions take their toll on Russia's balance of trade and military spending soars.
(Bloomberg) Kremlin economic aide Maxim Oreshkin blamed the central bank for contributing to declines in the ruble, an unusual rebuke made public just moments before the Russian currency broke through 100 to the dollar for the first time since March last year.Most Read from BloombergRuble Plunges Past 100 Per Dollar as Infighting Goes PublicOutsider Milei Upends Argentina’s Election With Primary WinZuckerberg Says ‘Time to Move On’ From Musk Cage FightUS Steel Soars After It Rejects $7.25 Bil