Russia's War Against Ukraine
OP-ED
Chris Weafer: What’s next for the ruble?
The last time I wrote about the ruble outlook, in early October, I highlighted the oil price trend and the actions of the US Federal Reserve Bank as being the two key drivers of where the currency might trade against the US dollar until the end of the year. At that time the exchange rate of the ruble against the dollar was 40.1 and the price of a barrel of Brent crude was just over $84 per barrel.