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Russian currency bounces back after Moscow mandates payment for gas in gold-pegged Ruble

Shortpedia

Content Team
Image Credit: pixabay

After falling steadily for days following the Russian invasion of Ukraine, ruble—the Russian currency -- is back despite stringent sanctions slapped by the West against Moscow. On April 1, the ruble was pegged at about 82 to a US dollar while before the invasion the currency was trading at around 76 to a dollar.