The ruble will be saved at the expense of state employees and pensioners
Photo: Stas Vladimirov/Kommersant The author is a writer, publicist Elena Kotova, who previously worked at the IMF, the World Bank, built an investment business at VEB and VTB, and represented Russia on the board of directors of the European Bank for Reconstruction and Development. What's happening to the ruble? The ruble has fallen by 11% against the dollar over the past month.