Ruble real effective exchange rate falls 7.1% in August, CBR data shows

The CBR's preliminary data shows the ruble's real effective exchange rate dropped 7.1% month-on-month in August 2026, accelerating a year-to-date decline of 5.1%. This reflects sustained depreciation pressure on the ruble, likely driven by external sanctions and capital outflows, though the CBR has not commented on causes.