A combination of capital controls, rising exports and falling imports have strengthened the Russian currency since it plunged in the weeks after Russia’s invasion of Ukraine.
The ruble cemented its unlikely status as the world’s best-performing currency, rising to new multiyear highs this week. Since collapsing in the weeks after Russia’s invasion of Ukraine, which triggered sweeping international sanctions aimed at crippling the Russian economy, the ruble has come roaring back.
