Putin tells Russians there's no reason to panic as the ruble sinks, but analysts say its economy is in trouble

Tech Insider : Economy, Economy, Business
A close-up of Putin looking upward.
Russian President Vladimir Putin said there was no reason to panic about the ruble's slide.

REUTERS/Yves Herman

The US crackdown on Russian trade is working as Putin struggles to fund his war

Tech Insider : Economy, Economy
Vladimir Putin.
Russian leader Vladimir Putin.

Sergei Guneyev/Pool/AFP via Getty Images

Russia adds fresh capital controls to prop up ruble, but Kremlin is 'applying a Band-Aid to gangrene'

Tech Insider : Economy
Russian President Vladimir Putin attending the final stage of the 3rd International Olympiad on Financial Security on October 4, 2023.
Russian President Vladimir Putin attending the final stage of the 3rd International Olympiad on Financial Security on October 4, 2023.

MIKHAIL METZEL/POOL/AFP via Getty Images

Russia's economy is headed into the 'snare of perpetual war' as the Kremlin plans record-high military spending for 2024, think tank says

Tech Insider : Economy
Putin and generals
Russian President Vladimir Putin, Defense Minister Sergei Shoigu, and Commander-in-Chief of the Russian Navy Admiral Nikolai Yevmenov on July 30, 2023.

ALEXANDER KAZAKOV/POOL/AFP via Getty Images

Russia rolls out currency controls in a bid to revive the ruble, which has cratered against the dollar this year

Tech Insider
Russia ruble ATM
Russia brought back some currency controls late Wednesday, in a bid to prop up the slumping ruble.

SOPA Images/Getty Images

Russian ruble sinks to level that previously triggered emergency measures from Moscow

Tech Insider : Economy
russia ruble banknote
REUTERS/Ilya Naymushin

An employee counts Russian ruble banknotes at a private company's office in Krasnoyarsk, Siberia, December 17, 2014

Russia's use of the Chinese yuan surges as the Kremlin looks to bypass sanctions

Tech Insider : Economy
One Chinese yuan bill lying on top of a US dollar bill.
One Chinese yuan bill lying on top of a US dollar bill.

Getty Images

The CEO of Russia's biggest bank says the ruble is 'unjustifiably undervalued,' but Putin has downplayed the ruble's weakness — and it shows even Russia's elite don't see eye to eye about the economy

Tech Insider : Economy, Politics
Sberbank CEO Herman Gref (left) and Russian President Vladimir Putin (right) talking.
Sberbank CEO Herman Gref and Russian President Vladimir Putin.

Alexey Nikolsky/Sputnik/AFP)/Getty Images.

Vladimir Putin says that inflation in Russia is making it 'practically impossible' for businesses to plan

Tech Insider : Economy
putin

REUTERS/Ueslei Marcelino

Russia will increase foreign currency sales 830% as deadline for Eurobond repayment nears

Tech Insider : Economy
russia central bank
Central Bank of Russia

Hank5/Getty Images

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