THIS MORNING THE RUSSIA RUBLE HAS HIT A 17-MONTH LOW AGAINST THE U.S. DOLLAR AS THE WAR IN UKRAINE PRESSES ON.
THE RUBLE — NOW WEAKENED PAST 100 RUBLES TO THE DOLLAR — HAS LOST NEARLY 40% OF ITS VALUE THIS YEAR.
THE BANK OF RUSSIA HAS BLAMED THESE DEVELOPMENTS ON THE COUNTRY’S SHRINKING BALANCE OF TRADE.
THIS NEWS COMES AFTER A RUSSIA WARSHIP FIRED WARNING SHOTS AT A CARGO VESSEL IN THE BLACK SEA ON SUNDAY – THE FIRST TIME THE COUNTRY HAS FIRED ON A MERCHANT SHIP BEYOND UKRAINE SINCE EXITING THE U.N.-BROKERED GRAIN DEAL IN JULY.
RUSSIA’S MINISTRY OF DEFENSE SAYS THE SHOTS WERE FIRED TO FORCE THE PALAU-FLAGGED SHIP TO STOP AFTER NOT RESPONDING INITIALLY FOR AN INSPECTION.
ONE UKRANIAN OFFICIAL CALLED IT – QUOTE – “A CLEAR VIOLATION OF INTERNATIONAL LAW.”
THIS MORNING, THE UKRAINE AIR FORCE SAYS RUSSIA LAUNCHED MISSILES AND IRANIAN-MADE DRONES AT ODESSA OVERNIGHT.
ON SUNDAY, SEVEN PEOPLE INCLUDING A 23-DAY-OLD BABY GIRL WERE KILLED IN RUSSIA SHELLING IN UKRAINE’S SOUTHERN KHERSON REGION.
RUSSIA HAS ALSO ANNOUNCED THIS MORNING IT WILL BE EQUIPPING ITS NEW NUCLEAR SUBMARINES WITH HYPERSONIC ZIRCON MISSILES. EARLIER THIS YEAR RUSSIA PRESIDENT VLADIMIR PUTIN SAID THAT THE COUNTRY WOULD START SUPPLIES OF THESE MISSILES AS PART OF RUSSIA’S EFFORTS TO BOOST ITS NUCLEAR FORCES.
GO TO S-A-N-DOT-COM FOR OUR REPORTER RYAN ROBERTSON’S CONTINUING COVERAGE OF THE RUSSIA-UKRAINE WAR.