Kremlin hilariously denies the ruble is crashing. Why, what have you heard?
The Kremlin in Moscow has a firm, studied official response to the stunning crash of the ruble to levels not seen since the crash of 1998, to a paltry 85 rubles to the U.S. dollar. Slammed by falling oil prices, the ruble is now the worst-performing currency in the world
As an example, here is Bloomberg’s chart of how the US dollar is reaching new heights against the Russian ruble:
It’s so bad that Twitter wags — and even RT, widely seen as an organ of the Kremlin — mocked it in a series of pictures and GIFs. Read more…