Russian currency sliding
RUSSIA / FSU POLITICS
- In Brief
07 Apr 2021
by Alex Teddy
On April 7 the RUB continued to lose value. It has lost 2% of its value since the beginning of the week and trades at 77.7 to the USD. That is its lowest since November 2020.The probable explanation for the RUB's fall is the heating up of the Ukrainian Conflict. This could lead to more Western sanctions.
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