Russian rubble continues to strengthen amidst sanctions.

After the Russian Ukrainian war start early this year, Russia become subject of Western nations sanctions in effort to weaken the economy to an extent of Thinking twice about the war.

Advertisement

Oil, food, minerals, and other Russian export came to a hold.. All analysis pointed to the rubble Lossing its value against Western countries currencies but it hast been the case.

RUB continues to strengthen

The US dollar fell below 51 rubles on the Moscow Exchange for the first time since May 2015.  The euro dropped below 54 rubles on the Moscow Exchange for the first time since April 2015.