Monday, December 5, 2022

The ruble is rolling properly again – but why?

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Cheering in Moscow: As the American business agency Bloomberg calculates, the Russian ruble has been the best-performing currency in the last four months. Since the beginning of the year, the ruble has gained more than eleven percent against the US dollar.

Bloomberg attributes the gains to a series of measures taken by the Kremlin to protect the currency following Western sanctions. Moscow has introduced capital controls and has demanded that its natural gas be paid for in rubles.

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