February 28, 2022
Russia’s currency nosedived on Monday, losing as much as 30% of its value against the US dollar after fresh allied sanctions targeted Russia’s central bank and key lenders. The ruble has suffered double-digit losses in a single day only twice before. Once during the 1998 Russian financial crisis, and again in late 2014 as a result of collapsing oil prices and Western sanctions over Russia’s annexation of Crimea. Here’s a look at how the ruble has fared over the past quarter-century.
More For You
US President Donald Trump participates in an arrival ceremony at Beijing Capital International Airport during his visit to the country, in Beijing, China, on May 13, 2026.
REUTERS/Evan Vucci
Xi Jinping will welcome Donald Trump with lots of pomp and circumstance. The summit, though, will be short on substance.
Most Popular
Sponsored posts
The momentum behind women’s sports
What's Good Wednesdays
What’s Good Wednesday: May 13, 2026
- YouTube
Israel used AI in Gaza in a way that felt "potentially uncomfortable for the US military tradition" says Bloomberg reporter Katrina Manson.
- YouTube
Ian Bremmer breaks down the complicated reality inside Venezuela after Nicolás Maduro’s removal from power. While the Trump administration sees the operation as a major foreign policy victory, Ian argues the harder challenge is only beginning; turning Venezuela into a stable economy and a representative democracy.
Noam Bettan from Israel with the song "Michelle" are on stage at the 70th Eurovision Song Contest (ESC) during rehearsals for the first semi-final on May 12, 2026, in the Stadthalle.
Jens Büttner/dpa via Reuters Connect
Even Eurovision cannot escape geopolitics, South Africa’s constitutional court opens door to Ramaphosa impeachment vote, Zelensky’s former right-hand man accused in corruption probe
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.