Belarusian rubel weakens by 22 percent against US dollar since Russia’s invasion of Ukraine

February 25, Pozirk. The Belarusian rubel lost 22 percent of its value against the US dollar in the three years since the start of Russia’s full-scale war on Ukraine in which officials in Minsk support the Kremlin.
The rubel dropped from 2.6419 to 3.2239 against the greenback. It also lost 9.6 percent of its value against the Russian currency, according to Pozirk‘s analysis of exchange rates.
In 2022, the Belarusian rubel lost 5.9 percent of its value against the dollar and 16 percent in the second year of the war but gained 0.7 percent on the third anniversary of Russia’s invasion of Ukraine.
The Ukrainian hryvnia has plunged 42.6 percent against the dollar since February 2022. The Polish złoty gained 0.3 percent against the dollar, while the euro weakened by 8.4 percent.

Rubel down against US dollar, Russian currency at BCSE on February 24
- PoliticsDeputy prime minister visiting Libya for second time in 2025The material is available only to POZIRK+
- Politics
- PoliticsThree Homiel lawyers face criminal chargesThe material is available only to POZIRK+
- PoliticsIrregular Belarus-Latvia border crossings soaring since AprilThe material is available only to POZIRK+
- PoliticsReprisals: three women persecuted upon their return from abroadThe material is available only to POZIRK+
- SocietyBelarusians arrested in Russia over cigarette smugglingThe material is available only to POZIRK+
- Politics, SocietyDiaspora lacks resources to promote Belarus – opposition repThe material is available only to POZIRK+
- Politics, Security
- Politics, SecurityŁukašenka's regime aided Ukraine invasion – reportThe material is available only to POZIRK+
- PoliticsOver 200 sentenced for solidarity with Ukraine, Viasna estimatesThe material is available only to POZIRK+
- Politics, SecurityUkraine, Russia exchanging prisoners at Belarus borderThe material is available only to POZIRK+
- PoliticsMielnikava was accompanied by Belarusian agent during 2023 vacation in Cuba – PolitykaThe material is available only to POZIRK+
- Politics, SocietyRussia arrested some 1,000 people wanted in Belarus in 2024 – KubrakoŭThe material is available only to POZIRK+
- Economy
- Economy, PoliticsMinsk slams EU tariffs on Belarus’ fertilizers as “blatant protectionism”The material is available only to POZIRK+
- PoliticsViasna: 135 people convicted over donations since 2020The material is available only to POZIRK+
- EconomyŁukašenka preparing successors for all positions except himself – sociologistThe material is available only to POZIRK+
- PoliticsInterior ministry brands 17 people as extremistsThe material is available only to POZIRK+
- EconomyAcademy of Sciences unlikely to thrive under Karanik – researcherThe material is available only to POZIRK+
- PoliticsForeign ministry official discusses cooperation with Italian diplomatThe material is available only to POZIRK+
- PoliticsŁukašenka: relations with Georgia improvingThe material is available only to POZIRK+
- EconomyBelarusian, Russian central bankers meet in ViciebskThe material is available only to POZIRK+
- Economy
- Politics, SecurityLithuanian PM says his country successfully coping with irregular migrationThe material is available only to POZIRK+
- Economy, PoliticsŁukašenka appoints deputy heads of the central bank, district chiefsThe material is available only to POZIRK+
- PoliticsMikałaj Rahaščuk appointed as Belarus’ ambassador to GeorgiaThe material is available only to POZIRK+
- EconomyCabinet extends licensing requirement for imports of OSB, fiber boardsThe material is available only to POZIRK+
- SocietyTransport Insurance Bureau head Aŭsiejka fired on corruption groundsThe material is available only to POZIRK+
- EconomyŁukašenka puts former Hrodna region head in charge of Academy of SciencesThe material is available only to POZIRK+
- EconomyBelarusian, Venezuelan foreign ministers discuss ways to boost economic tiesThe material is available only to POZIRK+