The Russian rouble has fallen to its lowest value against the dollar since early 2022, reaching 110 per dollar after new Western sanctions and rising geopolitical tensions. This decline follows US sanctions on Gazprombank,

Currency falls beyond 110 to the US dollar for first time since just after Ukraine invasion, Russian state media report.

The Russian rouble has fallen to its lowest level since the start of the war in Ukraine as a fresh round of sanctions hammer the currency.

The recent sharp decline of the Russian rouble is intensifying pressure on the Bank of Russia to raise its key policy rate, causing possibly the most significant increase since the onset of the war in Ukraine.

The Kremlin has tried to reassure Russians they will not be affected by the sudden collapse of the rouble, which has plunged to its lowest level since the invasion of Ukraine.

The Russian currency has lost a third of its value since August as sanctions following the invasion of Ukraine bite, but while the Kremlin seems unmoved, it is likely to leave ordinary Russians fearing for their financial future.

The Russian rouble continued to slide, dropping to its lowest since March 2022 against both the dollar and the yuan, and the finance minister indicated the government did not object to the currency's weakness,

MOSCOW: The Russian rouble rebounded on Thursday from a more than 7% slide against the US dollar in the previous session after the central bank said it would stop buying foreign currency to stabilise financial markets.

The Russian rouble fell beyond 110 to the U.S. dollar, sparking concerns of economic instability. Analysts predict further decline, prompting calls for governmental intervention. Sanctions and market volatility exacerbate the situation,

Russia's central bank said on Wednesday it would stop foreign currency purchases in order to ease pressure on the financial markets after the rouble weakened beyond 110 to the U.S. dollar, down by one-third since early August.