Russia Sacrifices Its Currency in Persistent Efforts to Defeat America

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Russia’s ruble is in a freefall, heading fast toward 100 per dollar, a threshold that would have once caused panic. But not anymore. The Kremlin seems to be playing a different game, letting the ruble crash without rushing to rescue it.

What’s the reason? Two anonymous sources familiar with the government’s plan said the weaker ruble works in favor of the state budget, especially with next year’s expected surge in government spending. According to the same sources, officials are okay with the ruble dropping to 100 per dollar.

The currency’s slide has been worsened by the central bank’s change in how it calculates the ruble’s value, as the Moscow Exchange no longer trades the dollar and euro.

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