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Ruble Hits Weakest in 15 Months After Wagner Challenges Putin

The ruble weakened as much as 3% against dollar on Monday, the most this year, after a mutiny by mercenary commander Yevgeny Prigozhin, whose brief uprising represents the biggest threat to President Vladimir Putin’s political control in his almost quarter century in power. 

The Russian currency narrowed losses to trade 0.6% weaker at 85.1050 per dollar at 9:35 a.m. in Moscow, the lowest since March 2022, when it had tumbled to new record lows in the weeks after Putin’s invasion of Ukraine started.

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