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Russia's ruble has tumbled: What does it mean for the wartime economy?

Previously, Russia saw a large trade surplus because of high oil prices and plummeting imports after Russia invaded Ukraine. But oil prices have dipped this year, and itโ€™s more cumbersome for Russia to sell its oil due to Western sanctions, including price caps on crude and oil products like diesel.
Sankt Peterburg United States Nikolay Rubtsov Chris Weafer Dina Solovyova Kyiv School Of Economics Institute

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