Russian ruble against the U.S. dollar. A 6.5 percentage point interest rate rise to 17 percent failed to prevent the currency hitting record lows in a "perfect storm" of low oil prices, looming recession and Western sanctions over the Ukraine crisis. Russian ruble The Russian ruble or rouble ( "rublʹ", plural: "rubli"; sign: ₽, руб; code: RUB) is the currency of the Russian Federation, the two partially recognised republics of Abkhazia and South Ossetia and the two unrecognised republics of Donetsk and Luhansk. The ruble is subdivided into 100 "kopeks" (sometimes written as "kopecks" or "copecks"; "kopeyka", plural: "kopeyki"). The ruble was
What Is a Nation? and continues to be invoked. Political historian Karl Deutsch, in a quote sometimes mistakenly attributed to Renan, said that a nation is "a group of people united by a mistaken view about the past and a hatred of their neighbours". Benedict Anderson's 1983 work Imagined Communities, which states that a nation is an "imagined political community", argues that Renan contradicts himself when he says French people must have forgotten the St. Bartholomew's Day massacre, yet does not explain what it is. In other words, Renan assumes that all his readers will remember the very massacre he says they have forgotten.