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Euro Watch: The collapse of the Russian ruble & its impact on Putin's war in Ukraine
The ruble has lost roughly a quarter of its value against the dollar since Russia invaded Ukraine last year. Western sanctions have harmed Russia’s trade balance, and military spending has soared as the war goes on with no end in sight. In an emergency meeting on Tuesday, Russia’s central bank governing board decided to increase interest rates by 3.5 percentage points, reaching 12%. How will the collapse of the ruble impact Putin's war in Ukraine? We discuss this with Dr Samir Puri, Visiting Lecturer in War Studies at King's College London and author of 'Russia's Road to War with Ukraine.See…
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