International Business Weekly
  • Home
  • News
  • Politics
  • Business
  • National
  • Culture
  • Lifestyle
  • Sports
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • National
  • Culture
  • Lifestyle
  • Sports
No Result
View All Result
International Business Weekly
No Result
View All Result
Home National

Russia Has Already Introduced Use Of Russian Ruble In Ukraine: Melitopol Mayor

November 22, 2022
in National
0
Russia Has Already Introduced Use Of Russian Ruble In Ukraine: Melitopol Mayor
Share on FacebookShare on Twitter


A vendor handles Russian ruble banknotes at a market in Stavropol, southern Russia, Jan. 21, 2016.
REUTERS/Eduard Korniyenko

KEY POINTS

  • The Russian ruble has been introduced in Melitopol, Ukraine
  • Residents of the Russian-occupied city are sabotaging the process
  • Ukraine’s currency, the hryvnia, is “valued more highly” than the ruble

Russia has introduced the use of its currency, the ruble, in the occupied Ukrainian city of Melitopol, according to Ukrainian officials.

“They are trying to introduce the ruble, but locals are sabotaging the process,” Ivan Fedorov, Melitopol’s exiled Ukrainian mayor, was quoted as saying by the Kyiv Post.

Russia is carrying out the act in an attempt to impose its will on the city, Fedorov alleged.

“The Russians think that if they make Ukrainian people beg, it will be easier to negotiate with them. Unfortunately, we are seeing this trend, which is extremely difficult,” the official said.

Ukraine’s currency, the hryvnia, is still being used in Melitopol. It is “valued more highly,” than its Russian counterpart, according to Fedorov.

Russia occupied Melitopol, which is located in Ukraine’s southeastern Zaporizhzhia region, during the early stages of its invasion.

Russian President Vladimir Putin announced the annexation of Zaporizhzhia and three other partially occupied Ukrainian regions in late September.

Fedorov described the current life in Melitopol as “unpredictable and dangerous.”

“It’s a life without rules and laws, without work and salaries,” he said.

Russia planned to introduce the ruble as Melitopol’s official currency as early as May, Fedorov previously claimed.

Occupying forces started giving away payments of 10,000 rubles to some of the city’s residents in exchange for personal data, Ukrainian authorities said that month.

Melitopol’s residents started discarding the Russian currency en masse when they believed that liberation was close, Fedorov said last month.

People in other occupied territories allegedly did the same thing.

“We need to remember: after liberation, all Russian rubles will become ‘candy wrappers’ in an instant, because their use is strictly prohibited in Ukraine,” the Ukrainian official said.

The ruble has overtaken the hryvnia as the most dominant currency in Zaporizhzhia, Russian state-owned news agency RIA Novosti reported in June, citing occupation authorities in the region.

“[P]eople are much more happy to use rubles, as they see that the hryvnia is getting cheaper and is an unreliable and uncertain currency,” Vladimir Rogov, a member of the military-civilian administration’s main council in Zaporizhzhia, told the outlet at the time.

In contrast, Fedorov said that Ukrainians did not want to use Russia’s currency.

A woman holds a child inside an evacuee bus as people flee from Mariupol and Melitopol amid Russia’s attack on Ukraine, at a collecting point in Zaporizhzhia, Ukraine April 1, 2022. Picture taken April 1, 2022.
A woman holds a child inside an evacuee bus as people flee from Mariupol and Melitopol amid Russia’s attack on Ukraine, at a collecting point in Zaporizhzhia, Ukraine April 1, 2022. Picture taken April 1, 2022.
Reuters / STRINGER



Source link

Tags: IntroducedMayorMelitopolRubleRussiaRussianUkraine
Brand Post

Brand Post

I am an editor for IBW, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

Related Posts

Russian Officials Privately Mock Trump’s ‘Naïveté’ About Putin’s Real Goals, Intelligence Reports Reveal
National

Russian Officials Privately Mock Trump’s ‘Naïveté’ About Putin’s Real Goals, Intelligence Reports Reveal

February 26, 2026
Nvidia Survey Ahead of Q4 Earnings Reveal Growing Returns from AI Investments in Healthcare, Telecom Sectors
National

Nvidia Survey Ahead of Q4 Earnings Reveal Growing Returns from AI Investments in Healthcare, Telecom Sectors

February 25, 2026
Why 2026 Marks a Turning Point for AI in Sports and Beyond
National

Why 2026 Marks a Turning Point for AI in Sports and Beyond

February 24, 2026
Next Post
British Rugby Player Dies by Suicide After Experiencing Concussion Symptoms

British Rugby Player Dies by Suicide After Experiencing Concussion Symptoms

Oil Prices Edge Up As Softer Dollar Outweighs China Demand Concerns

Oil Prices Edge Up As Softer Dollar Outweighs China Demand Concerns

Google Job Cuts: Reports Say Alphabet Laying Off 10,000 Staff as Sundar Pichai Trims Costs

Google Job Cuts: Reports Say Alphabet Laying Off 10,000 Staff as Sundar Pichai Trims Costs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ABOUT US

International Business Weekly is an American entertainment magazine. We cover business News & feature exclusive interviews with many notable figures

Copyright © 2026 - International Business Weekly

  • About
  • Advertise
  • Careers
  • Contact
No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel

Copyright © 2026 - International Business Weekly