Citizens and business owners in Moscow are feeling the impact of a weak ruble currency. The ruble recently hit 109 to the US dollar, its lowest point since March 2022, meaning the ruble is worth less than a penny in dollar terms.
 
The ruble depreciation came after latest US sanctions on Russia's financial sector hitting Gazprombank, which handles payments for Russia's energy trade with Europe and is the major supplier of Western currencies to the market.
 
While the Russian central bank is set to adhere to the floating ruble exchange rate policy as measures it took to support the ruble's exchange rate are sufficient.
 
President Vladimir Putin echoed to reassure Russians when taking questions at his personal presser during CSTO summit in Kazakhstan.
 
Russia's central bank on 27th announced to stop buying foreign currency until 2025,  while to continue sales linked to the National Wealth Fund. The ruble began to strengthen following the announcement.

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