The ruble was struggling to rebound against the dollar and the euro this morning after his heavy fall yesterday. And, although the Ministry of Finance began to sell foreign currency from its stocks. The Russian currency rebounded slightly around 8.30 after falling 9.5% Thursday and 7% yesterday.
For households, the impact of the weakening of the national currency are already very concrete. Rising prices already approaching 10% year on year.
"Prices are rising all the time, complained yesterday Elena, a resident of Moscow. I can not say what effect this will have on my life, but it hurts. People are distressed and concerned. I have no confidence. That's all I feel and I can say. "
The ruble has lost about half of its value relative to the beginning of the year, a result of capital outflows driven by the Ukrainian crisis and plummeting oil prices, which represents the more than half gas revenues budget of the country. This monetary crisis is unprecedented in 15 years of power to Vladimir Putin.
