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Decree from Vladimir Putin will force exporters to sell some of their foreign currency revenues for roubles
Currency extends losses as sanctions weigh on export revenues
Session called after central bank rate rise fails to halt currency’s decline
Central bank lifts key rate to 12% as jitters grow over the economy and currency’s weaknesses
A weak currency offers an incentive to boost oil exports just when Saudi Arabia reduces supply
Policymakers at odds over how to deal with economic fallout from invasion of Ukraine
Central bank says it may raise interest rate as Russian currency weakens to 101 against dollar
Trading volumes were up 277% as Russians sought an alternative to weakening national currency
Currency trades at its lowest level since the aftermath of Moscow’s full-scale invasion of Ukraine
Russian currency has lost about 20% of its value in gradual decline since start of December
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