December 1, 2024, 9:03 pm
The Russian ruble has fallen to its lowest point since early 2022, briefly trading above 115 against the US dollar.
The steep decline in the ruble, a currency often managed by Russian authorities due to its role as a key indicator of the country’s economic health, now leaves 1,000 rubles worth less than $10.
The collapse is partly driven by last week’s US Treasury sanctions, which prohibited Russia’s third-largest lender, Gazprombank, and over 50 smaller banks from conducting energy-related transactions with US entities.
Fears regarding a sharp escalation of the war in Ukraine after the U.S. & UK allowed unrestricted use of ATACMS & storm Shadow have also stroked the ruble’s decline.
In this video, Defense Updates analyzes how unrestricted use has now enabled ATACMS & Storm Shadow to take full toll on Russia ?
#defenseupdates #ATACMS #StormShadow
Chapters:
00:11 INTRODUCTION
01:59 RESTRICTIONS
02:51 ATACMS & STORM SHADOW
05:45 ATTACKS
07:16 ANALYSIS
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▶️ Narration by Scott Leffler (scottleffler.com)
🎵 Background Music courtesy of incompetech.com
"Giant Wyrm" Kevin MacLeod (Licensed under Creative Commons)
Content Creator – Defense Updates
