Russian ruble makes almost full recovery despite western sanctions

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Russia implemented a number of measures to limit the damage to its economy, such as strict limits on on currency exchange, withdrawals and hard-currency transfers.

Russia also faced the danger of sovereign default but avoided that particular hurdle with a debt payment of roughly $117 million. Credit rating agency Moody's put Russia on the second-lowest rung on the credit ladder, just above default.

Russia’s sale of oil and gas has also continued to dampen the impact of sanctions, which has prompted calls from Ukraine and its supporters to fully embargo Russian energy exports.

 

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Oh snap… almost like they already knew what we were going to do. Also, just wait until China destroys the dollar and takes over as reserve currency

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