Putin emphasized that the situation with the ruble is under control, attributing currency fluctuations to inflation, budget payments, and oil prices, alongside seasonal factors.
Despite the ruble's depreciation, analysts are warning about potential economic repercussions, citing increased pressures from military spending and ongoing geopolitical tensions affecting the economy.
The central bank's intervention to suspend currency purchases is a strategy to manage the volatility of the ruble, indicating serious concern about its declining value.
The latest decline in ruble value follows significant geopolitical events and sanctions, notably impacting Russia's financial operations and leading to predictions of further economic disruption.
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