Kremlin hilariously denies the ruble is crashing. Why, what have you heard?

Kremlin hilariously denies the ruble is crashing. Why, what have you heard?

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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:

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The US dollar is spiking to new heights against the Russian ruble, Bloomberg data show

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…

More about Business, Russia, Vladimir Putin, Ruble, and Kremlin
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Kremlin hilariously denies the ruble is crashing. Why, what have you heard?