The value of the Russian ruble has depreciated by 4% against the dollar over the past few days. Analysts attribute this sharp decline to a significant military setback in the Kursk region, which has become a major embarrassment for President Vladimir Putin.
According to reports from the Financial Times, since the end of last week, the Russian currency has weakened to a rate of 90.6 rubles per dollar as of August 12, marking the lowest level since late May 2024.
Data from the London Stock Exchange Group indicates that the ruble fell by 1.9% in a single day, and over the five days following the military incident in Kursk, it experienced a total decline of 6%.
At the same time, the euro has risen by 4.5% in just a few hours of trading in Russia, reaching a value of 99.13 rubles per euro, the highest level since May 23.
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