Russian Ruble Falls Past 100 Per U.S. Dollar

The Russian ruble weakened beyond 100 per U.S. dollar on Monday, extending a slide that threatens to stoke inflation in an economy that has been kneecapped by Western sanctions. $1 recently bought 100.8 rubles, the most since March 2022. The ruble has fallen 27% against the dollar this year and 23% against the Chinese yuan, which Russia is embracing for trade as it seeks to ditch Western currencies. Russia’s trade surplus has fallen sharply, with the West curbing Moscow’s ability to earn big profits by selling oil abroad. Inflation is...