Ruble has crashed 40% down (against US dollar.)
As a result of the ongoing Russia-Ukraine war, lives of millions of Central Asians have been affected. Citizens of Tajikistan, Uzbekistan and the Kyrgyz Republic, who have nothing to do with the war, are suffering.
Many of the Central Asian nations depend on the money that is sent home by their citizens working in Russia.
With that being vastly impacted since the conflict started on 24 February, economies of these Central Asian nations stand threatened.
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All countries which do business with Russia will be impacted to some extent. This conflict doesn’t seem to be coming to an end soon. Now since Russia has taken a plunge, it is not going to pull out without an outcome in its favour. I think a long-overdue alternative to dollar must come in the world to put an end to the U.S. hegemony for good. The best time for it is now.