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
Military budget of the Russian Federation value of the Rouble greatly reduced the dollar-value of the planned 2015 Russian military budget to US$52 billion, despite a 33% increase in its Rouble-value to 3.3 trillion. Due to the ongoing crisis the planned 33% increase had to be reduced to 25.6%, meaning the 2015 Russian military budget totalled 3.1 trillion rubles. The originally planned 3.36 trillion budget for 2016 has also been reduced to a planned budget of 3.145 trillion rubles, an increase of only 0.8% over 2015. Unofficial estimates typically place the total amount of military spending for the Russian Federation higher than the Russian government figures,