Russia Is Bailing Out Its First Bank Of The Ruble Crisis

The ruble has dropped about 45% against the dollar this year, suffering particularly steep falls early last week. President Vladimir Putin has declined to call it a crisis and said the currency would eventually rise again.

 

Ruble to dollar

Under increasing pressure from a plummeting rouble and western sanctions over Ukraine, Russia's banking sector could get a capital boost of up to 1 trillion rubles ($18 billion) under a new law being prepared by the government.

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