Russian rouble tumbles to lowest level since April 2022

Russian rouble tumbles to lowest level since April 2022

The Russian rouble has fallen to its lowest levels against the euro and dollar since April 2022, amid a foreign currency shortage in Moscow and the sale of Western businesses in Russia. Traders attribute the rouble’s decline to a mixture of issues including export revenue declines due to lower oil prices in March and the sale of Western assets to domestic investors.

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