[Big shock! Big news from Russia! The ruble has collapsed! The conflict between Russia and Ukraine has entered a critical stage] On November 27, local time, the Russian ruble fell by more than 8.5% against the US dollar and fell below 110 rubles to the US dollar. Since last Thursday, the ruble has fallen by more than 12% against the US dollar. Analysts pointed out that the main reasons for the accelerated decline of the ruble are, first, the sanctions on Russian financial institutions announced by the US Treasury last week, and second, the market's concerns about the escalation of the conflict between Russia and Ukraine have intensified.