Brendan Cole is a Newsweek Senior News Reporter based in London, UK. His focus is Russia and Ukraine, in particular the war started by Moscow. He also covers other areas of geopolitics including ...

LONDON — When Vladimir Putin addressed top economic officials last week after a bruising month in which the Russian ... and one that has been exacerbated by the ruble’s plunge.

Since collapsing in the weeks after Russia’s invasion of Ukraine, which triggered sweeping international sanctions aimed at crippling the Russian economy, the ruble has come roaring back.

The ruble has ... On November 27, one dollar was equivalent to over 120 rubles in Russia, compared to 90 in September. This marks the most significant weakening of the Russian currency since ...

When the Russian ruble stabilized soon after Russia invaded Ukraine last year, the currency’s immunity to war was often cited as evidence of Russia’s economic resilience. Now, the ruble is at ...