EconomyRussia’s economy is battered by war and sanctions. Why is the ruble still so strong?
Russia faces a much larger-than-expected budget deficit, sanctions losses and damage from Ukrainian strikes, yet the ruble has strengthened against the dollar and euro. The article says tax payments and hopes for talks to end the war helped support it, while fewer investors have made the currency market less reactive to news than before the war.
MMeduza★★★☆☆2026-11-06 13:23Original
Russia’s economy is battered by war and sanctions. Why is the ruble still so strong?
Economy