This is CBSI in the world, I'm John Bachelor.

Vladimir Putin momentarily about the ruble.

This is the Washington Post reporting.

I ask my colleagues and the government and the central bank to keep the situation under

constant control.

End quote.

Michael Bernstam is my watcher of constant control in Russia, the economy under severe sanctions,

and the ruble.

Michael for some weeks now has been guiding me on the fall of the ruble.

What it means and how it's being controlled by the Russian central bank.

Michael a very good evening to you.

When last we spoke a week past, I believe the Russian central bank had raised rates to

12 percent and was controlling the ruble at 94 on the dollar.

How's it doing now?

Good evening to you, Michael.

Good evening to you.

It is daily battle.

It's a very difficult battle because the ruble has reached a psychologically important

mark of one cent the value of the ruble or the official rate close to a hundred rubles

for the dollar.

And to remind you just in the summer of 2022, it was 51 rubles for the dollar.

So effectively, the ruble lost half of its value.

...