The National Bank of Ukraine says that in occupied territories, Russia is starting to "limit the circulation" of hryvnias, the Ukrainian national currency, while "introducing" rubles.
The issuance and use of a currency other than the hryvnia is illegal in Ukraine, The Washington Post reports. Oleg Nikolenko, a spokesman for the Ukrainian Foreign Ministry, tweeted on Tuesday, "Faced with total resistance from the local population, Russia tries to introduce the ruble in the temporarily seized parts of Zaporizhzhia and Kherson regions in an attempt to establish an occupation regime."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Is the British Army ready to deploy to Ukraine?Today's Big Question The UK 'would be expected to play a major role' if a peacekeeping force is sent to enforce ceasefire with Russia
-
What will Trump-Putin Ukraine peace deal look like?Today's Big Question US president 'blindsides' European and UK leaders, indicating Ukraine must concede seized territory and forget about Nato membership
-
Ukraine's disappearing armyUnder the Radar Every day unwilling conscripts and disillusioned veterans are fleeing the front
-
Cuba's mercenaries fighting against UkraineThe Explainer Young men lured by high salaries and Russian citizenship to enlist for a year are now trapped on front lines of war indefinitely
-
Ukraine-Russia: are both sides readying for nuclear war?Today's Big Question Putin changes doctrine to lower threshold for atomic weapons after Ukraine strikes with Western missiles
-
Incendiary device plot: Russia's 'rehearsals' for attacks on transatlantic flightsThe Explainer Security officials warn of widespread Moscow-backed 'sabotage campaign' in retaliation for continued Western support for Ukraine
-
The North Korean troops readying for deployment in UkraineThe Explainer Third country wading into conflict would be 'the first step to a world war' Volodymyr Zelenskyy has warned
-
Experts call for a Nato bank to 'Trump-proof' military spendingUnder The Radar A new lender could aid co-operation and save millions of pounds, say think tanks
