Редакция S04E308 - Куда стремится российская валюта / Редакция. Контекст

The central bank at an extraordinary meeting raised the key rate by 3.5 percentage points at once — up to 12%. The ruble has strengthened a little against this background, but still continues to balance on the magical edge of 100 rubles per dollar.

Since the beginning of the year, the Russian currency has fallen in price by a third, becoming one of the three fastest depreciating monetary units in the world. The reasons are different, but it is clear that they are all somehow connected with military operations. How exactly and to where else can the ruble fall?