Shell's Repatriation Speculation Sends Russian Ruble to Year-Low
TL;DR
The Russian ruble has fallen to its lowest level in a year amid speculation that Shell may repatriate over $1 billion of recent earnings. This comes amid a growing liquidity crunch and foreign flight on the back of Western sanctions. Meanwhile, the Chinese yuan has surpassed the US dollar as the most traded currency in Russia.
- The Russian ruble is at its lowest level in a year on speculation Shell is going to repatriate $1 billion of recent earnings Yahoo Finance
- Russia's Ruble Slides on Capital-Flight Fears The Wall Street Journal
- Ruble down to pre-conflict value against dollar Fox News
- Russian rouble tumbles to lowest level since April 2022 ZAWYA
- Russian Currency Continues To Tumble Radio Free Europe / Radio Liberty
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