According to British diplomats, the reasons for the ruble fall are explained by the Kremlin's foreign policy – the annexation of the Crimean peninsula, support and participation in military operations in eastern Ukraine, as well as in the formation of humanitarian convoys bypassing international law. In this regard, the Russian economy is going through hard times, Joinfo.ua reports with reference to the Ukrainian media.
Such actions of the Russian side have caused the reaction of the international community. In particular, Western sanctions were imposed against 119 individuals and 43 Russian companies. However, in addition to the sanctions, devaluation of the national currency was triggered by a number of other factors. In particular, by the oil price decline and mismanagement of the Russian economy.
However, despite the current situation, the British Foreign Office believes that the future of the Russian Federation is in its hands. So for the sanctions to be lifted, Russia should stop aggression policy against Ukraine.
Earlier, Jon Furman, Chairman of the Council of Economic Advicers also said that the Russian economy is in distress as a result of its foreign policy. This situation clearly demonstrates what happens when you stop following international treaties and regulations.