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Russian rouble falls to 16-month low against US dollar

2023-08-14 11:15
The currency has been hit by rising imports and higher military spending for the Ukraine war.
Russian rouble falls to 16-month low against US dollar

The Russian rouble has fallen to its lowest value for 16 months, falling past 100 per US dollar.

The decline comes as pressure grows on the Russian economy, with imports rising faster than exports and military spending growing for the Ukraine war.

Russia has been targeted with sanctions by...