Russia abandons budget rule in effort to save tanking rouble By Reuters

© Reuters. FILE PHOTO: A vendor counts Russian rouble banknotes at a market in Saint Petersburg, Russia July 9, 2023. REUTERS/Anton Vaganov/File Photo By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Russia effectively abandoned its budget rule on Wednesday as the central bank said it would stop conducting finance ministry foreign currency purchases from Aug. 10