HomeNewsNewsWhy Russian Currency’s Rally Could Be Bad for Putin

Why Russian Currency’s Rally Could Be Bad for Putin

  • The ruble has gained against the dollar after collapsing immediately after the Ukraine invasion.
  • Moscow’s anti-crisis measures — such as hiking rates to 20% — may have squeezed the currency too high.
  • Its rally means Russia’s income from dollar-linked oil and gas sales is falling, a likely hit to its economy.

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