Rubla has fallen to 82.09 against the US dollar on April 11th, as opposed to 71 rubles as it was April 8th.
The main support for rubala, following sanctions, has been from the mandatory conversion of 80 percent of currency revenues from export-focused companies as well as high interest rates, although the Central Bank has unexpectedly reduced its basic rate from 20 percent to 17 percent last week.
On February 24th, Russian President Vladimir Putin has ordered what he considers a special military “ ” to demilitarise Ukraine.
The Kremlin's action has stirred anger and has been condemned in many parts of the world. / REL/
