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Russia , Thursday 15 October 2026

Russia's strong currency puzzles economists, signals economic woes

Published on: Tuesday 16 December 2025

Russia's strong currency puzzles economists, signals economic woes Since early December, the Russian ruble has continued to strengthen against global currencies: on Dec. 7, it reached a value of only 76 rubles for one U.S. dollar, a figure unseen since May 2023. It soon dropped to 79 rubles per U.S. dollar, an exchange rate close to one seen on the eve of Russia's full-scale war. Ruble's strength came despite increasing sanction pressure by the Trump administration, which began targeting Russian oil giants Lukoil and Rosneft in October. The measures, which f


News source: https://finance.yahoo.com/news/russias-strong-currency-puzzles-economists-170241781.html

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