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Since the invasion, the Russian ruble has mostly been on the decline. But, to the surprise of many, the ruble appears to be on the rise, making it the best performing currency in the world. In this video, we're taking a look at the ruble's recent surge, what's driving it, and what it means for the Kremlin.
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Ruble surges to become world’s best performing currency https://www.bloomberg.com/news/articles/2025-04-15/ruble-surges-as-best-performing-global-currency-outpacing-gold
https://www.intellinews.com/russian-ruble-value-surges-to-become-world-s-best-performing-currency-ytd-376954/?source=russia
https://tradingeconomics.com/russia/currency
Ruble’s collapse 2022-2024 https://www.bloomberg.com/news/articles/2023-08-09/ruble-weakens-toward-100-per-dollar-for-first-time-in-16-months
https://www.bloomberg.com/news/articles/2024-10-15/russia-is-willing-to-let-ruble-weaken-to-ease-sanctions-pressure
US stock market and treasuries fall
https://www.ft.com/content/0005e091-930d-46ff-9e81-8591704a9282 https://www.sbs.com.au/news/article/how-can-trillions-just-disappear-what-you-may-not-know-about-the-stock-market/2zeoy1a67
US dollar falls + Gold surges
https://www.marketwatch.com/investing/index/dxy
https://edition.cnn.com/2025/04/22/business/gold-price-surge-trump-powell-attacks-stocks-hnk-intl/index.html
Trump’s proposed recognition of Crimea as Russian in recent ceasefire proposal
https://www.axios.com/2025/04/22/trump-russia-ukraine-peace-plan-crimea-donbas
How Trump has strengthened the ruble https://www.bloomberg.com/news/articles/2025-02-20/trump-s-overtures-to-russia-make-ruble-star-performer-this-year
Slowing inflation in Russia
https://www.cbr.ru/ec_research/mb/bulletin_25-03/
Russian’s booking holidays abroad
https://www.interfax.ru/russia/1009380
Oil exports in Russian budget
https://www.atlanticcouncil.org/content-series/russia-tomorrow/oil-gas-and-war/
Plummeting global oil prices
https://www.ft.com/content/a8d8c49d-93f0-4372-9321-2c6b1c4aa7ab
Will the ruble’s surge last?
https://en.thebell.io/the-bell-weekly-russian-ruble-surges-under-trump/
00:00 - Introduction
01:02 - Context
02:58 - Why Has the Ruble Surged?
05:56 - Is this Good News for Putin?
07:32- Sponsored Content