Jul 17, 2022
When I first came to Russia, the rouble was twice as strong as it is now, this all changed with the annexation of Crimea. The rouble is strong now because imports have crashed and there are capital controls, so Russians can earn export dollars but not spend them. Perhaps talk to some actual Russians and they will tell you that the current strong rouble is NOT a sign of good economic health but a symptom of a larger problem.