Dubai, United Arab Emirates (CNN) – Activists on social media circulated a video clip from a speech by US President Joe Biden, regarding the impact of the sanctions imposed by his country and European allies on the Russian economy and the price of the Russian currency, the “ruble”.
The ruble almost immediately turned into ruins.” President Biden talks regarding the impact of sanctions on the Russian currency, saying that the exchange rate from the ruble to the US dollar is 200 to 1, although the current rate is closer to 100 to 1. https://t .co/d3dt8vIVBL
Biden said in the circulating video: “As a result of these unusual sanctions, the ruble fell almost instantly to the wreckage of the Russian economy…and this is a fact…it takes regarding 200 rubles to get one dollar…”
How do you make sure that Biden is separate from reality?? Hear what he says: He says that sanctions have caused the collapse of the Russian economy and that one dollar is worth 200 rubles. For information, the exchange rate of the dollar once morest the ruble before the war was 75 and today 93 rubles in the dollar. https://t.co/ycSYB8jYFi
The exchange rate of the ruble once morest the dollar has reached 96.75 rubles once morest the dollar, following it reached record lows since the start of Russian military operations in Ukraine and the announcement of Western countries, led by the United States of America, to impose strict economic sanctions on Moscow.
Western sanctions imposed in response to the invasion of Ukraine pushed the Russian currency to collapse, and one US dollar might buy 117 rubles in Moscow following the currency fell 10% and hit a new record following the sanctions were announced.
