ViewpointsOpinionThe Russian Ruble ‘Strength’ and the Sanction ChallengeSavePrintA Russian ruble banknote is placed on U.S. dollar banknotes in this illustration taken, Feb. 24, 2022. Reuters/Dado Ruvic/Illustration/File PhotoDaniel Lacalle4/4/2022|Updated: 4/15/2022CommentaryThere are numerous headlines showing the surprising recovery of the Russian ruble against the U.S. dollar and the euro. By the first week of April, the Russian currency had recovered all the losses against the greenback and the euro area currency.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentDaniel LacalleAuthorDaniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat” (2015), and “Life in the Financial Markets.”websiteAuthor’s Selected ArticlesCentral Banks Do Not Prevent Financial Crises or Control InflationAug 23, 2025The European Union’s Agreement With the United States Is Positive and RealisticAug 04, 2025The US Dollar Remains the World’s Top Reserve CurrencyJul 21, 2025How Analysts Misjudged the US Economy: Growth, Inflation, and Fiscal Surprises in 2025Jul 14, 2025Related TopicsRussian ruble
