Sanctions against Russia have pushed its economy to the side of what might biggest drop in decadesBut the country’s currency has gone the other way.
The ruble strengthened this week at levels not seen since 2018, making the currency the second best performer against the dollar this year, based only on the Brazilian Real, based on a Dow Jones market data analysis of 56 currencies. Happened. The ruble is up 16% against the greenback in 2022 and is up about 150% since it came down a few days later Russia’s invasion of Ukraine Three months ago.