Weakened Ruble Could Affect Russia’s War Effort

A declining value of Russia’s currency could impact President Vladimir Putin’s war effort against Ukraine.

The ruble weakened to 114 against the U.S. dollar on Wednesday, hitting its lowest level since March 2022, shortly after Putin’s forces invaded Ukraine, CNBC reported.

Russian currency was bouncing back a bit on Friday, when the official central bank rate was set at 109 to the U.S. dollar, meaning the ruble is worth less than a penny in dollar terms.

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