RUSSIAN RUBLE MAKES LARGE GAINS IN SPITE OF SANCTIONS: ARE THEY WORKING? MAITE KNORR-EVANS After nearly two months of what the EU and the US have referred to as state-crushing sanctions, the Russian
RUSSIAN RUBLE MAKES LARGE GAINS IN SPITE OF SANCTIONS: ARE THEY WORKING? MAITE KNORR-EVANS After nearly two months of what the EU and the US have referred to as state-crushing sanctions, the Russian
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RUSSIAN RUBLE MAKES LARGE GAINS IN SPITE OF SANCTIONS: ARE THEY WORKING?
MAITE KNORR-EVANS
After nearly two months of what the EU and the US have referred to as state-crushing sanctions, the Russian ruble is now stronger (on paper) than before the country launched its invasion into Ukraine. With western powers still considering more sanctions, the ruble is poised to further strengthen its position against the both euro and the US dollar.