Tag: ruble

Home » ruble
Russian currency is getting stronger. Are sanctions not working?
Post

Russian currency is getting stronger. Are sanctions not working?

It has been a month since Russia was heavily sanctioned following its aggressive invasion of Ukraine. Sanctions led to a sharp fall of ruble, but since Russia declared to sell its oil using the ruble, Russia’s currency has bounced back up against the dollar to the levels last seen before the invasion of Ukraine. The...