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Mocked as 'rubble' by Biden, Russia's ruble comes roaring back

Bloomberg
Bloomberg4/7/2022 08:58 AM GMT+08  • 5 min read
Mocked as 'rubble' by Biden, Russia's ruble comes roaring back
Photo by Egor Filin on Unsplash
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In the days after the Ukraine war began, the ruble’s collapse was a potent symbol of Russia’s newfound financial isolation.

International sanctions on Vladimir Putin’s regime sank it to a record low of 121.5 rubles per dollar, triggering memories of the battering it took during the 1998 Russian financial crisis.

Things looked dire enough that US President Joe Biden said the ruble had been reduced to “rubble.”

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