What a Weak Ruble Looked Like in The 90s
![](https://static.themoscowtimes.com/image_archive/1360/e9/i284956_img015.jpg)
On this day 17 years ago, President Boris Yeltsin declared that the Russian government would default on its debt and devalued the ruble.
The ruble crisis looked a little different than today's economic downturn.
The ruble crisis looked a little different than today's economic downturn.
Mikhail Metzel / MT
![](https://static.themoscowtimes.com/image_archive/1360/4f/i284957_img114.jpg)
Mikhail Metzel / MT
![](https://static.themoscowtimes.com/image_archive/1360/7c/i284959_img121.jpg)
Vladimir Filonov / MT
![](https://static.themoscowtimes.com/image_archive/1360/18/i284960_img347.jpg)
Mikhail Metzel / MT
![](https://static.themoscowtimes.com/image_archive/1360/6d/i284963_img518.jpg)
Igor Tabakov / MT
![](https://static.themoscowtimes.com/image_archive/1360/b4/i284964_img695.jpg)
Mikhail Metzel / MT
![](https://static.themoscowtimes.com/image_archive/1360/be/i284965_img806.jpg)
Vladimir Filonov / MT
![](https://static.themoscowtimes.com/image_archive/1360/48/i284966_img890.jpg)
Mikhail Metzel / MT
![](https://static.themoscowtimes.com/image_archive/1360/99/i284970_img929.jpg)
Vladimir Filonov / MT
![](https://static.themoscowtimes.com/image_archive/1360/e4/i284971_img988.jpg)
Mikhail Metzel / MT
![](https://static.themoscowtimes.com/image_archive/1360/b6/i284973_img992.jpg)
For MT
![](https://static.themoscowtimes.com/image_archive/1360/92/i305783_ruble-crisis.jpg)
Igor Tabakov / MT