The collapse of the Russian rouble

The Russian currency has hit its lowest point since the immediate aftermath of the invasion of Ukraine

An illustration of Russian roubles with one white, one blue and one red to represent the Russian flag
(Image credit: Illustrated / Getty Images)

The Russian rouble has fallen to its lowest value in 16 months, heralding a potential crisis for Vladimir Putin and raising questions about his country’s ability to continue to wage war.

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Arion McNicoll is a freelance writer at The Week Digital and was previously the UK website’s editor. He has also held senior editorial roles at CNN, The Times and The Sunday Times. Along with his writing work, he co-hosts “Today in History with The Retrospectors”, Rethink Audio’s flagship daily podcast, and is a regular panellist (and occasional stand-in host) on “The Week Unwrapped”. He is also a judge for The Publisher Podcast Awards.