The Russian rouble’s worst week in 4 years, play by play

The Bell

Russia has already been living under Western sanctions for four years, but this week the rouble suffered its biggest fall since December 2014 — despite rising oil prices. We therefore conclude: Russia’s currency, which for decades was tied to the price of Brent, is now tied to an even less reliable benchmark — Donald Trump’s Twitter account.

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From May 1, 2025, The Bell in English will no longer be free

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The Bell was founded in 2017 by journalists Elizaveta Osetinskaya, Irina Malkova and Peter Mironenko as a news outlet independent from the Russian authorities, after its founders have been sacked as top editors at the largest Russian news website RBC because of pressure from the Kremlin.

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