![]() ![]() Meanwhile, he says, 13 of the 14 strategic submarines in the US fleet "are ready for their intended missions". Others among an ageing fleet that the Kremlin purports are still in service - some of which Mr Luzin says have been "fraught with bizarre events" - are effectively "zombie" submarines and are almost certainly no longer operational. He explains that while Moscow officially claims to have 13 strategic submarines, evidence from a range of sources indicates it only has eight in a best-case scenario in practice - but that only six "can be reliably claimed to be ready to fulfil their missions". ![]() In a piece for analytical platform Riddle, which focuses on Russian affairs, political scientist and expert on Russia's armed forces Pavel Luzin describes how the Kremlin is artificially inflating the numbers of its nuclear carriers. Vladimir Putin's economic adviser, Maksim Oreshkin, blamed the weak ruble on "loose monetary policy" in an op-ed, adding that the central bank had "all the tools necessary" to stabilise the situation and that he expected normalisation shortly.Īn interesting article published today focuses on the respective states of the US and Russia's strategic nuclear submarines. "Consequently, the pass-through of the ruble's depreciation to prices is gaining momentum and inflation expectations are on the rise," the bank said in a statement. ![]() The central bank said demand has exceeded the country's ability to expand economic output, increasing inflation and affecting "the ruble's exchange rate dynamics through elevated demand for imports". It had recovered slightly after the central bank announced the meeting. The Russian currency passed 101 rubles to the dollar yesterday, losing more than a third of its value since the beginning of the year and hitting the lowest level in almost 17 months. The fall comes as Moscow increases military spending and Western sanctions hit its energy exports. The decision was announced after an emergency meeting of the bank's board of directors was called a day earlier as the ruble plunged. Russia's central bank has raised its key interest rate by 3.5 percentage points to 12% in a move designed to fight inflation and strengthen the ruble after the country's currency fell to its lowest value since early in the war with Ukraine. ![]()
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