Devaluation is a complex economic process that can significantly impact currency and the overall economic situation in a country. For Russia, this phenomenon is particularly significant, as the nation's economy heavily relies on global markets. In conditions of devaluation, the purchasing power of the national currency changes, leading to rising prices for imported goods and services, and it may trigger an increase in inflation. These processes have a significant effect on business, the financial sector, and the everyday lives of citizens. In our article, we will analyze the main consequences of devaluation for the Russian economy, the mechanisms of its impact, and strategies that can help minimize its negative effects.