Vladimir Putin is facing economic woes in Russia (Image: Getty)
The ruble has seen a dramatic drop against the and euro in a fresh blow for the country’s and .
Exchange rate data suggests that this morning the currency fell lower than 86 rubles against the dollar, and below 90 rubles for the euro.
Pan Pachkovsky raised the dip on X, stating at 7.38am that the over-the-counter dollar exchange rate fell below 86 rubles, and the euro below 90 rubles.
They added: “An old-style (white) dollar in cash can be bought for 90 rubles, but you’ll have to look for a new (blue) dollar for 95 rubles.”
: [REPORT]
Внебиржевой курс доллара опустился ниже 86 руб., евро – ниже 90 руб.Наличный доллар старого образца (белый) можна купить по 90 рублей, новый (синий) доллар прийдется поискать по 95 рублей.
— Пан Пачковский (@Q0MT6pFmbVqynsM)
As of 8.19am, the ruble is at 86.8908 to the dollar, and was 91.01 against the euro at 8.21am.
It comes as an expert warned that is in a precarious financial position.
George Barros, the Team & Geospatial Intelligence (GEOINT) Team Lead at the Institute for Study of War in Washington, said last week: “Fundamentally, did not prepare to wage and sustain a protracted war.
“He thought this was going to be a war of six months maximum and what we’ve really seen is the absence of a long-term strategy. And because he didn’t plan to do this, he’s had to rob Peter to pay Paul in a variety of places.
“The bottom line is, has been cannibalising the national wealth that Putin built for , starting in around the 2000s with the high oil prices that Putin used to build the sovereign wealth fund.”
: [REPORT] [REPORT] [WARNING]
French President Emmanuel Macron met with Trump on Monday (Image: Getty)
On Monday, Putin’s full-scale invasion of turned three years old.
French President Emmanuel Macron suggested yesterday that a truce could be reached amid discussions between US and Russian officials in weeks.
He added that he was working with Sir on a proposal to send peacekeeping troops to the region.
Macron said: “Not to go to the front line, not to go in confrontation, but to be in some locations, being defined by the treaty, as a presence to maintain this peace and our collective credibility with the US backup.”