What else can Russia do to save its troubled ruble?

News Snapshot:

Open this photo in gallery: An employee holds Russian ruble notes at the Goznak printing factory in Moscow, on July 11, 2019.Maxim Shemetov/Reuters Russia’s battered ruble was given a reprieve with this week’s emergency 350-basis-point rate hike to 12 per cent but further action is likely to be needed for a more lasting impact. The Russian currency has lost more than a fifth of its value since Russia invaded Ukraine in February 2022 and tumbled past the symbolic threshold of 100 per dollar on Monday. The impact of sanctions in reduced export revenues and higher import costs has contributed to...