Fact check: The value of the Ruble is collapsing compared to the value of USD and Yuan.

1. Summary of the results

1. Summary of the results

The Ruble has indeed experienced a significant decline, reaching historic lows of 113 rubles per US dollar and 15 rubles per yuan in late 2024. This represents an 8% drop against the dollar in just one month, with the currency falling from 85 rubles per dollar in September to 103-110 range in December 2024.

2. Missing context/alternative viewpoints

The original statement omits several crucial contextual factors:

• The decline is driven by multiple factors including new Western sanctions targeting 50+ Russian banks, reduced export revenues, falling energy prices, and seasonal import demands
• Russian officials and some economists view this as temporary, predicting stabilization at 95-105 rubles per dollar
• A weaker ruble actually benefits some sectors of the Russian economy, particularly government spending and export-oriented businesses
• The Russian Central Bank has implemented countermeasures, including suspending foreign currency purchases

3. Potential misinformation/bias in the original statement

While technically accurate, the statement's use of "collapsing" may overstate the situation:

• The current levels, while concerning, are still below the March 2022 crisis peak of 121 rubles per dollar
• Expert analyses suggest this is more of a managed decline than a collapse, with the Central Bank maintaining some control
• The statement fails to acknowledge that currency fluctuations are complex economic events that can have both negative effects (increased inflation, currently at 8.5%) and positive effects (export competitiveness)
• The impact varies significantly across different sectors of the Russian economy, with import-dependent industries suffering while exporters potentially benefiting