The ruble is failing — and now more Russians are cutting back on buying basic goods like food and toothpaste as prices jump

Tech Insider : Economy
Russian President Vladimir Putin in Armenia in November 2022.
Russian President Vladimir Putin in Armenia in November 2022.

Contributor/Getty Images

Former Kremlin official blames the ruble's crash on Russia's stockpile of rupees that's stranded in India

Tech Insider : Economy

\

A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India.
A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India.

Dhiraj Singh/Bloomberg

Russians aren't the only victims of the ruble's implosion — the weak currency is also hitting migrant Central Asians who repatriate the cash

Tech Insider : Economy, Economy
A Kazakh woman is seen at her shop in Kazakhstan on May 16, 2019.
Central Asian economies are getting hurt by the weak Russian ruble too.

Mahmut Serdar Alakus/Anadolu Agency/Getty Images

Global stock markets have been buoyed by 'stupid' people ignoring China and Russia risks, veteran investor says

Tech Insider
Traders work the floor of the New York Stock Exchange on May 25, 2023, in New York City.
Traders work the floor of the New York Stock Exchange on May 25, 2023, in New York City.

TIMOTHY A. CLARY/AFP via Getty Images

A sushi crunch is capturing Russia's worsening economic woes

Tech Insider : Economy, Economy
Line of sushi.
Neptunes Taphouse and Eatery.

Neptunes Taphouse and Eatery/Yelp

The dedollarization drive is facing a confidence crisis as the yuan, ruble and Argentine peso simultaneously plummet, an analyst says

Tech Insider
U.S. dollar notes are seen at a Kasikornbank in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha
U.S. dollar notes are seen at a Kasikornbank in Bangkok

Thomson Reuters

The Kremlin's top brass are trying to pass the buck over the ruble's collapse. This rare public infighting shows just how precarious Russia's wartime economy is.

Tech Insider : Economy, Politics
Russian President Vladimir Putin meets with Central Bank Governor Elvira Nabiullina outside Moscow, Russia October 27, 2017.
The Kremlin's top brass are trying to pass the buck over the ruble's collapse. This rare public infighting shows just how precarious Russia's wartime economy is.

Sputnik/Alexei Nikolskiy/Kremlin/Reuters

China's state-run banks are swapping dollars for yuan as officials tell them to intervene in currency markets

Tech Insider
China yuan
A staff member displays the new version of the 100-yuan RMB banknotes (US 15.7 dollars) to photographers at the Bank of China Tower in Hong Kong

AP/Kin Cheung

Russia's ruble spikes as Putin and officials mull ways to prop up the currency after it dropped below a penny this week

Tech Insider : Economy
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)

Someone hacked a news ticker in Russia to insult Putin after the value of the ruble plunged

Tech Insider : Politics
Russian President Vladimir Putin in Armenia in November 2022.
Russian President Vladimir Putin in Armenia in November 2022.

Contributor/Getty Images

Subscribe to Ruble