Currency

Russian ruble jumps even as the US dollar slams other global currencies and Putin escalates the war on Ukraine

7 days ago   |   By Business Insider

Getty Images
The Russian ruble strengthened Friday to cap off a whipsaw week for the currency.
Russia's native currency gained 4.5% against the dollar, hitting 56.7 and climbing to a high not seen since August 25.
The rally came while other global currencies weakened against the dollar, which hit a fresh 20-year high.
The ruble moved higher on Friday, making it an outlier among other global currencies as they continued to weaken against the unstoppable US dollar. Russia's native currency gained 4.5% against the dollar, hitting 56.7 and climbing to a high not seen since August 25. The...
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Russian state-media stars pushing Putin's official war narrative have been exempted from fighting in Ukraine

7 days ago   |   By Business Insider

Vladimir Solovyov on his show "Moscow. Kremlin. Putin" in May 2022 Телеканал / Moscow. Kremlin. Putin / YouTube
Russian state media workers have been exempted from Putin's latest military draft.
Russia tightly controls what can be said about the war, aided by a largely pliant media.
It means the TV stars pushing a distorted image of the war won't have to face its reality.
Russia's Ministry of Defense released a list of exemptions form President Vladimir Putin's latest military mobilization on Friday, and it includes the media figures helping to sell the war to the Russian public. Staff at...
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