Russian State Duma Deputy Dmitry Kuznetsov asked Bank of Russia Chair Elvira Nabiullina on Monday to explain why the ruble has been on a downward spiral, RIA Novosti reported, citing his letter.
Kuznetsov expressed worries about rising inflation and urged Nabiullina to provide reasons for the decline of the currency and "the consequences expected from this fall, in order to warn Russians about possible high inflation and rising prices in the country."
The dollar soared 2.05% against the ruble to trade for 101.1713 at 1:53 pm CET, which is the lowest the Russian currency has been compared to the greenback since March 2022.
