Cryptocurrency Q&A Why is the ruble so weak?

Why is the ruble so weak?

Maria Maria Mon Dec 02 2024 | 7 answers 1826
I've been noticing that the ruble has been really weak lately. I'm wondering what factors are contributing to this decline in value. Is it related to economic policies, global market conditions, or something else entirely? I'd like to understand the reasons behind this trend. Why is the ruble so weak?

7 answers

Lorenzo Lorenzo Wed Dec 04 2024
The ruble has faced persistent downward pressure throughout the summer.

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KDramaLegendaryStarlight KDramaLegendaryStarlight Wed Dec 04 2024
This is largely attributed to the fluctuating price of oil.

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BlockchainBaroness BlockchainBaroness Wed Dec 04 2024
Oil is Russia's most crucial export commodity.

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Tommaso Tommaso Tue Dec 03 2024
Despite the imposition of Western sanctions, oil remains a significant source of revenue for Russia.

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Filippo Filippo Tue Dec 03 2024
The demand for oil from China and Europe has weakened recently.

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