Purchasing power crisis
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Kremlin Sidelines Europe in Peace Talks as Yen Purchasing Power Hits 53-Year Low
Stock Market News· 2026-02-22 12:38
Key TakeawaysThe Kremlin has officially rejected European involvement in ongoing peace negotiations, stating that Brussels' current diplomatic positions offer "no benefit" and cannot contribute to a resolution.The Japanese Yen’s (JPY) real effective exchange rate hit a 53-year low in January 2026, collapsing to 67.73—roughly one-third of its historic 1995 peak.European Parliament trade chief Bernd Lange has proposed freezing the ratification of the "Turnberry Agreement," the landmark EU-US trade deal, citin ...