| While the Ruble is breaching government mandated price controls; Russian Central Bank heads are still keen to proceed with plans to remove currency controls which analysts say in the long run with be net positive for the Russian economy.
Russia’s currency has hit its lowest level ever against the U.S. dollar as the risk of new Western sanctions threatens more economic hits. The European Union said Saturday it was preparing to issue new sanctions as soon as this week in response to signs that Russia had sent troops into Ukraine. The ruble has declined by about 13 percent this year. One dollar will now buy you about 37.5 rubles...............................................Full Article: Source
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