The Executive Vice President of the "Association of Russian Banks", Vladimir Kievskiy, talks about the current rate of the ruble and the reasons behind the falling of the national currency rate. Ukrainian events have caused busts on the Russian stock market. The RTS and MICEX indexes are the lowest they have been in the past few years. The ruble is rapidly depreciating, while the euro has overcome the threshold of 50 rubles.
Why is the ruble falling?
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