Russia's Central Bank Takes Action: Halts Ruble Collapse Amid Inflation Crisis
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- Russia's central bank stops foreign currency buys, sells yuan due to inflation.
- Ruble hits lowest since March 2022, worsening economic pressures.
- Sanctions and lack of foreign investment cause financial crisis in Russia.
- Inflation stays critical with rates above 9%, driving up prices.
- Finance Minister Siluanov says a weak ruble may benefit exporters.
- Interest rates raised to 21%, the highest since 2003, still can't curb inflation.
- Crisis provides U.S. diplomatic leverage to engage Russia in discussions.