Ruble flexes muscle as Russia trailblazes new economic path

The Russian currency

Currency has soared by 50% since sanctions collapse .

The Russian currency has risen dramatically over the past three weeks, reflecting the efficiency of the monetary policy adopted by the central bank in response to sanctions. Another major boost was last week’s government decision to demand that “unfriendly” states pay for natural gas only in rubles rather than in dollars or euros from now on.

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