Ruble sinks back to 100 versus dollar in new headache for Russia

The Russian ruble has depreciated to nearly 100 per dollar, a significant milestone for both consumers and the government. Efforts by policymakers to stabilize the currency have been unsuccessful, leading to discussions about implementing capital control measures. The central bank has raised interest rates in the past to support the ruble, but Bank of Russia Governor Elvira Nabiullina has warned against using administrative measures.