
Russia plays roulette with the rouble
The Russian rouble has tumbled to its lowest level since the early weeks of President Putin’s full-scale invasion of Ukraine.
The Russian rouble has tumbled to its lowest level since the early weeks of President Putin’s full-scale invasion of Ukraine.
Sanctions have tightened and the war in Ukraine shows no signs of reaching an end, but something unexpected has happened.
The viability of Russia maintaining a fixed rate of roubles for gold is closely related to what happens to demand for Russian energy.
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