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Russian ruble buckles under trade sanctions, declining export earnings
Abstract: Russia’s currency is losing value, falling 40 percent against the U.S. dollar since December 2022. With measures targeting Russian exports likely to persist, the country’s balance of payments will remain under pressure, leading to continuing currency weakness.
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https://www.dallasfed.org/research/economics/2023/1010
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2023-10-10