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How the ruble rebounded

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Women walk past a board showing currency exchange rates of the U.S. dollar and the euro against Russian ruble in Moscow on Feb. 22.

Women walk past a board showing currency exchange rates of the US dollar and the euro against Russian ruble in Moscow on February 22, 2022. - Russian stock indexes fell sharply Tuesday morning, after Moscow recognised the independence of Ukraine's two separatist regions and President Vladimir Putin sent troops into the Western-backed country. The dollar-denominated RTS index was down 10.8 percent at 0713 GMT, and 32.5 percent since the start of the year. The ruble-based MOEX fell by 8.8 percent. The Russian currency also slid, with the ruble trading at more than 91 to the euro and 80.7 to the dollar. (Photo by Dimitar DILKOFF / AFP) (Photo by DIMITAR DILKOFF/AFP via Getty Images) Dimitar Dilkoff/AFP via Getty Images

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Segments From this episode

The ruble recovers, at least on paper

by Sabri Ben-Achour Apr 5, 2022
At one point, a ruble was worth a fraction of a penny. Demand for energy exports has helped, but Russia's economy is still in recession.

For Europe, quitting Russian coal will be easier than quitting Russian natural gas

by Lily Jamali Apr 5, 2022
Russia supplies more of the EU's oil and gas than it does coal.

Is the "Great Resignation" actually normal for the labor market?

by Amy Scott and Andie Corban Apr 5, 2022
Bart Hobijn of the San Francisco Fed finds that during fast recoveries, workers often leave companies to join other companies.
A Warmer World

What will it take for yellow buses to go green?

by Stephanie Hughes Apr 5, 2022
Electric school buses cost about three times as much as diesel ones. The White House is putting $5 billion toward the zero-emission models.

"Patriotic Millionaires" in the U.K. call for higher taxes … on themselves

by Stephen Beard Apr 5, 2022
The group of wealthy individuals say they would be happy to pay a lot more in taxes to ease the burden on the poor and the middle classes.

Add beer to the list of products that Russia's invasion of Ukraine is making more expensive

by Andy Uhler Apr 5, 2022
Ukraine and Russia are two of the world's top barley exporters.

Music from the episode

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