7 Highlights

• 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.