Russia Update: ‘Ruble Hits Bottom, and Breaks Through’

December 16, 2014
Customers outside an exchange booth on Tverskaya Street in Moscow December 16, 2014. Photo by Artyom Sizov/

Welcome to our column, Russia Update, where we will be closely following day-to-day developments in Russia, including the Russian government’s foreign and domestic policies.

The previous issue is here, and see also our Russia This Week feature The Kremlin’s Policy-Making on Ukraine is ‘A Mess’; ‘Managed Spring’: How Moscow Parted Easily with the ‘Novorossiya’ Leaders and Putin ‘The Imperialist’ A Runner-Up For Time’s ‘Person of the Year’

The ruble continues to plummet despite the Bank of Russia’s raise of interest rates to 17%.

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