[Russia] - Ruble Sinks Further Amid Mutiny Fallout

INSUBCONTINENT EXCLUSIVE:
The Russian ruble tumbled past 102 against the euro and 93 against the dollar on Thursday, hitting a new 15-month low as part of a
fall in imports
positive current account in the first quarter [of 2023], then compared to last year's peak, it fell five times, so the floating rate is
rate, which has remained steady at 7.5% since September.Meanwhile, Bloomberg economist Alex Isakov said months of capital outflows from
Russia were the primary driver of a weakening ruble, but also pointed out that Russian companies were bringing less foreign currency into
banks
Higher School of Economics Evgeny Kogan said the ruble remained under pressure due to ongoing market concerns amid Wagner's failed mutiny in
domestic shocks