The 2014 Russian Ruble Collapse
from DIGITIMESILLINOIS
The most recent collapse occurred in 2014 when the ruble’s exchange rate to the dollar plummeted from the mid-30s to around 80 in December that year because of falling oil prices, the impact of Western sanctions over Russia’s annexation of Crimea and the start of the war in the Donbas and declining investor confidence.
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This episode was published on February 18, 2022.
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