Why does the ruble remain strong against the dollar and the euro? And should we expect the Russian currency to weaken...

Why does the ruble remain strong against the dollar and the euro? And should we expect the Russian currency to weaken? We answer the key questions

The ruble has remained stable against the dollar and the euro for almost all of this year. Various factors, both fundamental and current, are influencing this trend. In our analysis, we explain exactly what is driving the Russian currency’s exchange rate, what will happen to the ruble by the end of the year, and whether we should expect a dollar to cost 100 rubles in the future.

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Russia’s economy is suffering from war and sanctions, but the ruble isn’t collapsing and remains one of the world’s strongest currencies

The full-scale war remains a heavy burden on the Russian economy. This year’s budget deficit will be roughly twice as large as the authorities expected and will remain significant for years to come. Sanctions are costing the state trillions of rubles in lost revenue.…