How Did the Value of Russian Money Change in Previous Wars?

Russia had become the target of the entire Western world after the ‘operation’ it started within the territory of Ukraine. This step, which Russia took to ‘make Ukraine independent’ after the already strained relations recently, caused the death of thousands of people in just 2 weeks. This war Russia’s economy and naturally its people. also affected it badly.

While the West did not take concrete military steps to attack Russia, it signed sanctions as if it had sworn to wipe Russia out of the world, targeting the Russian economy and people. In a world dominated by the West, Russia has become one of the world’s largest companies in technology, oil, finance, and every conceivable sector. Well, the currency of Russia How has the Russian Ruble been affected by this situation??

The Russian Ruble reached its lowest level in its history against the dollar with the war. The currency, which continues to lose value by breaking records day by day, has a value of $ 0.0079 as of the writing of this article. well 1 Russian Ruble is not even worth a cent.

On February 22, when Russian leader Putin decided to recognize the so-called Donetsk and Luhansk Republic, the ruble was hovering around $0.0127 before this decision. The value of the currency was at $0.0132 in January 2022. Currency, since January 1, 2022 approximately 42.46% depreciation lived.

On the other hand, the decisions made by Russian President Vladimir Putin have always hit the Ruble. As can be seen in the graphic above, Russia actually became a threat with Putin’s inauguration. a major economic recovery had entered. But with the occupation of Georgia first and then the sovereignty of the Crimea, the loss of the ruble against the dollar was extremely heavy. Today, the same situation continues to be experienced with the occupation of Ukraine.