The Fall and Rise of the Russian Ruble
Western sanctions ravaged the ruble after Putin’s invasion of Ukraine. How did the currency bounce back?
The U.S. dollar was valued this week at about 80 Russian rubles, roughly the same exchange rate in effect before Russia invaded Ukraine on Feb. 24. Western sanctions had initially ravaged the Russian currency—but it has bounced back.
Cameron Abadi is a deputy editor at Foreign Policy. Twitter: @CameronAbadi
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