Russia eyes more extreme measures to prop up the ruble after it crashes to less than a penny

Tue, 08/15/2023 - 15:27

Russia is mulling more extreme measures to prop up the ruble, which crashed on Monday.
Kremlin officials discussed reviving a requirement on companies to sell export revenue, sources told Bloomberg.
That comes as Russia's central bank raised its benchmark rate to 12% from 8.5% on Tuesday.

Russia is reportedly mulling more extreme measures to prop up the ruble, which crashed to less than a penny on Monday.