President Vladimir Putin assured the public that there was no need to 'panic,' and the central bank took action. Despite the Kremlin's assurances, concerns are growing among both the general public and industrial leaders.

President Vladimir Putin said there isn’t any reason for Russians to panic after the currency fell to its lowest level since the days following Moscow’s invasion of Ukraine.

The Russian currency has plummeted to its lowest level since the start of Vladimir Putin's full-scale invasion of Ukraine.

Russia's currency has hit its weakest level since its invasion of Ukraine. The depreciation of the rubel comes after Washington sanctioned Gazprombank and challenges are mounting for Moscow to manage its war economy.