Emergency Action! Russia Suspends Foreign Exchange Purchases, and the Depreciation Pressure on the Ruble Intensifies
The Central Bank of Russia announced the suspension of foreign exchange purchases in the domestic market to stabilize the ruble exchange rate, but the ruble still hit new lows against the US dollar and the euro. Multiple factors have led to the depreciation of the ruble, including Western sanctions and the Russia - Ukraine conflict. The economic outlook of Russia faces uncertainties, and the government and the central bank need to strike a balance between stabilizing the economy and maintaining the confidence of the financial market.
PSB Record: Shanghai No.31011502009912
