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Putin/Gerasimov
Russian President Vladimir Putin (L) and Chief of the Russian General Staff Valery Gerasimov (R) attend an expanded meeting of the Russian Defence Ministry Board at the National Defence Control Centre in Moscow, on December 21, 2022.

MIKHAIL KIREYEV/Sputnik/AFP via Getty Images)

  • Russia's ruble jumped 5% against the dollar on Wednesday as the Kremlin mulls capital controls.
  • President Vladimir Putin reportedly held talks with officials on ways to prop up the ruble.
  • The ruble crashed Monday, and on Tuesday Russia's central bank raised its benchmark rate to 12% from 8.5%.

Russia's currency spiked against the dollar on Wednesday, just two days after it crashed to less than a penny.

Tags
Markets, MI Exclusive, Ruble, Russia, Russian Economy, Ukraine War, Putin, Currency, Dollar, Currencies, financial markets, Ukraine, War, economy
Source
Russia's ruble spikes as Putin and officials mull ways to prop up the currency …