How Russian Ruble bounced back to pre-Ukraine war levels amid sanctions by West | Explained

Over a month after Russia's invasion of Ukraine, which sunk its currency to its worst performance in decades, the Ruble has now bounced back. On Wednesday, Ruble closed at 79.7 in Moscow, surging back to where it was before the war in Ukraine began. Experts say that the comeback was surprising but maintained that it won't remain the same in the long run. One of the reasons that the Ruble bounced back was that Europe continued to strengthen it by buying Russian oil and gas despite imposing several sanctions. Find out how Putin's tactics played a major role in restoring Ruble's lost glory in a month. Watch this video.

#RussianCurrency #Ruble #VladimirPutin #Dollars #US #Sanctions

[abdulaiabdulkarim]

Somewhere In Ghana, The Bank of Ghana just announced that all transactions in ghana in dollars must seize. Now every country is trying to protect their currency

[daisuke]

Also remains to be seen how long the EU can keep its sanctions without destroying its own economies.

[BU_]

USA and EU - 5500 sanctions
Russia - 1 sanction (Rouble)
USA and EU- Not fair 🤪

[jeetendrasonawane]

Fact is every country trading in US Dollars are indirectly risking their economy at the mercy of US government..economic sanctions may be imposed anytime if your country's national interests deviates from US interests..

[frankiedonnemarbaniang]

Teach US a lesson although I don't like war but all this is because of US interference and greed of Power

[franciszamora]

It is now fully noted that the US is the greatest comedian of all, aside from Zelenskyy of course.

[socialdistantsingh]

Once a KGB always a KGB. There is nothing called former KGB. This is how they keep their cool and work according to the situations.

[biswajeetdassh]

"The problem is not Putin, ofcourse he is smart.The problem is our leaders are dumb."--D Trump

[kengsenchong]

Putin's first Menu in Ruble: Oil and Gas. Subsequent Menu in Ruble: Minerals, fertilizers and what not.

[shashwatnandan]

Vladimir Putin is Godfather of geopolitics.

[beppeadr]

Russia has real stuff that is necessary and we need every day to survive, we only hold paper and big words without value.

[pralinkp]

Wah Russia 🇷🇺 has shown to the world who is the boss . Long live Russia and Vladimir putin. Jai hind

[indianembasy]

Bow down to you king To be honest I literally shocked on march 20 it went to 1 dollar equals to 132 russian ruble OMG 😂with in spare of 26 days it came back to 78 impressive king natural gas impact 👍👌

[nitinbindal]

That teaches us how to fight like a boss when more than half of world is against you. 🇮🇳❤️🇷🇺

[honleonglai]

Not surprising the Rubles will be much stronger currency than US dollar.

[deadpool]

And US is lecturing India on Russian imports. Europe has literally pulled out Russia and Ruble from the economic shock due to the sanctions.

[Manishkumar-rblh]

A huge blow to WEST sanctions, glad to see this. WEST are still consuming Russian oil, but they disappoint, when India buys Russian crude.

[GarfieldAllen]

Well done Putin. He's the smartest president ever when it comes to managing geopolitics in adverse situations.

Have to always respect his abilities to stat calm and act decisively in reasonable ways.

[teamtryxgg]

India supports Russia 💯 percent coz they have supported us in the past.

[Beautiful_Earth_]

Huge Respect and Love to
President Putin...
Long Live President Putin...
Love Mother Russia ❤️❤️❤️
Love from India ❤️❤️❤️