“On balance, we expect recent policy rate hikes will curb local demand, limiting imports, while the recent rise in the price of Urals should help to stabilize the ruble,” said Marek Raczko, foreign currency strategist at Barclays in London.

Source: https://businessmirror.com.ph/2023/11/19/ruble-bends-to-putins-will-in-nod-to-wartime-election-economics/?utm_source=rss&utm_medium=rss&utm_campaign=ruble-bends-to-putins-will-in-nod-to-wartime-election-economics