New York Fashion Week 2025-26, redefining luxury, creativity, and venue storytelling

New York — At New York Fashion Week 2025, Coach unveiled a groundbreaking...

Ralph Lauren unveils Spring 2026 collection at New York Fashion Week with timeless luxury

Ralph Lauren launched New York Fashion Week with an intimate studio show that...

Gun violence and domestic terrorism in the US – Experts call for safety

The Minneapolis Catholic school shooting has thrust gun violence and domestic terrorism back...

Nevada’s two-day shutdown shows how fragile state cyber defenses still are

The Nevada cyberattack, a Nevada ransomware attack detected on Sunday, August 24, forced...

Economist Kullback said the ruble fell due to currency depletion

In Russia, the stock of foreign currencies is practically exhausted. The ruble’s depreciation is linked to this, said economist Nikolai Kulbaka.

“A cheap ruble is good for the state, because it is easier for it to fulfill its obligations. And it is beneficial for exporters who receive more money, ”quotes the interlocutor of the Putin channel on Telegram.

According to the expert, the cheap ruble is unprofitable for importers and ordinary citizens. Since there are too many factors affecting the exchange rate of the national currency, no economist can predict the future behavior of the ruble. To do this, it is necessary to analyze the dynamics for at least a few weeks, Kullbacka added.

Earlier, Professor at the Higher School of Economics Yevgeny Kogan said that the strengthening of the dollar and the euro will lead to a rise in the price of imported goods in Russia.

More

Show your support if you like our work.

Author

News Room
News Room
The Eastern Herald’s Editorial Board validates, writes, and publishes the stories under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

Comments

Editor's Picks

Trending Stories

Discover more from The Eastern Herald

Subscribe now to keep reading and get access to the full archive.

Continue reading