Russian rouble's value fluctuates due to war, sanctions, and potential Trump-Putin talks.

The Russian rouble's future remains uncertain amid the ongoing war with Ukraine and potential talks between Donald Trump and Vladimir Putin. Since the start of the year, the rouble has strengthened by about 10%, making it the best-performing currency in emerging markets. However, its value largely depends on battlefield developments and sanctions, not economic fundamentals. If Trump engages with Putin, some Western sanctions might be lifted, potentially boosting the rouble through increased exports and investments. Yet, sanctions are likely to stay until a sustainable end to the war is achieved, which could take years, complicating the rouble's prospects.

2 months ago
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